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Michael Kors and other luxury brands recalibrate by returning to their more luxurious roots

(Bloomberg Gadfly)—It’s taken a while, but big American labels finally seem to get it: If you want to be a luxury brand, then you have to act like one. Michael Kors Holdings Ltd., No. 328 in the Internet Retailer 2017 Top 500, reported Monday that gross profit rose 7.2% in the latest quarter from a […]

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