Apparently KS is in trouble and a sale is inevitable
http://www.retaildive.com/news/coach-michael-kors-reportedly-eye-kate-spade-ahead-of-auction/434539/
MK and Coach are having the same financial issues and analysts feel they problem is millennials lack of interest in bags. Which very well may be part of it. I know my daughter is that age and could care less about bags. But I have also noticed another trend - Kate Spade has had less frequent sales. Additionally their bags this past year have been excluded from limited exclusion sales at Macy's etc. Same with Coach and Coach's prices have increased significantly.
When KS does have a sale I see fewer (coupon sales) where you take an additional 25 or 30% off sale bags. They have them, but they are far less frequent. I think Coach and KS buyers got used to lower bag prices and these changes have hurt their sales.
Thoughts on the merger or why you think sales have declined?
http://www.retaildive.com/news/coach-michael-kors-reportedly-eye-kate-spade-ahead-of-auction/434539/
MK and Coach are having the same financial issues and analysts feel they problem is millennials lack of interest in bags. Which very well may be part of it. I know my daughter is that age and could care less about bags. But I have also noticed another trend - Kate Spade has had less frequent sales. Additionally their bags this past year have been excluded from limited exclusion sales at Macy's etc. Same with Coach and Coach's prices have increased significantly.
When KS does have a sale I see fewer (coupon sales) where you take an additional 25 or 30% off sale bags. They have them, but they are far less frequent. I think Coach and KS buyers got used to lower bag prices and these changes have hurt their sales.
Thoughts on the merger or why you think sales have declined?