Prices at Michael Kors Continue to Go Higher as Promotions Wane - NewsBreak

Feeling bullish after a strong quarter, Capri Holdings chief John Idol is sending a clear message: Prices at Michael Kors will continue to go higher as promotions wane. In Europe and Asia, where the brand derives a high percentage of sales, the discounting conversation isn't relevant, the Capri chairman and CEO said in conference call today. In North America, which has traditionally been a more promotional environment, the company shifted away from discounting for one major reason. "We've shown that we make more on lower sales than we did on having higher sales and trying to chase our own selves or other...