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Why Kate Spade and Michael Kors Are Better Off Than Wall Street Thinks

For Michael Kors and Kate Spade, financial strategies might be the problem more so than fashion.

A new survey about women’s intent to purchase purses in the next few months is a mixed bag for the major brands.

In general, the survey from Baird found that respondents are now less likely to purchase a handbag than they were a year ago, with just 13% of folks saying that they plan to buy a bag in the next three to six months. When it came to specific companies, Coach had the strongest “purchase intent.”

In terms of their perception of the major brands...


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