Latest news with #MichaelKors
CNBC
2 days ago
- Business
- CNBC
Burberry shares pop 8% as British heritage pivot lures back U.S. shoppers
American shoppers are buying into the allure of British heritage fashion, providing a glimmer of hope for beleaguered Burberry's turnaround even as U.S. headwinds loom. Burberry sales in the Americas rose 4% year-on-year in the three months to June 28, the company said Friday in its fiscal first-quarter results. Shares of Burberry were up 8.13% by 11:26 a.m. London time (6:26 a.m. E.T.). The luxury brand, known for its trench coats, attributed the uptick to both new and existing consumers, following a 4% decline in the region in the fourth-quarter and a 9% fall in Burberry's full 2025 fiscal year. CEO Joshua Schulman said the growth indicated the "diversity of the luxury consumer that exists in that market," from elite, high-spenders to high-traffic mall shoppers. The U.S. accounts for 19% of Burberry's business. Nevertheless, Schulman said that Burberry's efforts to position itself as a "luxury brand with broad universal appeal" was showing green shoots in other regions, too. Burberry's overall group revenues declined 1% year-on-year on a comparable basis to £433 million ($ 582million) in the June quarter, compared with the 3% decline analysts had forecast in a company compiled consensus. Sales rose 1% in Europe, the Middle East, India, and Africa (EMEIA) in the June quarter, while declining 5% in the Greater China region and by 4% in Asia Pacific, which the company said was "driven by Japan following a slowdown in tourism." All regions nevertheless demonstrated notable improvements from significant declines in prior quarters. "What we saw in the Americas, we also saw in the other regions as well. Our local customer has been strong globally and we have seen a sequential improvement in all regions," Schulman told a media call on Friday. The results fall against a troubling backdrop for the luxury sector, as U.S. tariffs loom large, threatening to undermine an anticipated revival in U.S. consumer spending, even as the Chinese market continues to lag. Burberry's Chief Financial Officer Kate Ferry acknowledged the tariffs as a "headwind," but said that the company had spent the previous year adapting its supply chains and adjusting pricing where appropriate. "We actually took a very surgical approach to pricing in the U.S. and understood where we had price elasticity," she said on the Friday earnings call. It comes amid a sweeping overhaul of the 169-year-old heritage luxury fashion house. On Friday, it that said a previously announced cost savings program, including 1,700 job cuts announced in May, would results in £80 million in annualized savings by the end of the 2026 financial year. July marks the first anniversary at the helm for Schulman, who joined from Michael Kors and in November announced urgent plans to "course correct" after a prolonged period of the company's share price underperformance, waning sales and a slew of management changes. UBS analysts said in a note Friday that the results provided confidence that Burberry's brand momentum was "accelerating." "Josh got in at the eleventh hour to try and steer the Spring/Summer product in the right direction with this focus on Britishness and on iconic Burberry products, the check pattern, more realistic pricing," Luca Solca, sector head for global luxury goods at Bernstein, sector told CNBC's "Squawk Box Europe" on Friday. "The fact that organic growth is improving, while being still negative, I think is a sign that the new marketing vision works. We expect even more good news in the second half when the full winter product is going to fully represent the new marketing approach and that means a lot to investors, clearly."
Yahoo
2 days ago
- Business
- Yahoo
This 'absolutely adorable' Michael Kors bag is normally $558, but it's on sale for $119 right now
Are you on the hunt for a new handbag? The Michael Kors sale might be your chance to snag a stylish deal at an unbeatable price. Right now, Michael Kors shoppers can save on hundreds of crossbody bags, satchels, wallets and accessories, including the ever-so-popular Emilia Small Pebbled Leather Satchel. With hundreds of five-star reviews singing its praises, reviewers describe the leather bag as "absolutely adorable" and "practical," and right now, shoppers can take it home for a whopping 78 per cent off. Interested? Scroll onwards for all the details on the deal check out even more hot Michael Kors deals. Shop crossbody bags for $109 and under Shop satchels for $199 and under Shop flats for $99 and under Shop backpacks for $139 and under Shop all Michael Kors sale Emilia Small Pebbled Leather Satchel Shop the Emilia in powder blush. The details The satchel is made from 100 per cent pebbled leather sourced from tanneries that meet the highest standards of environmental performance. It has gold-tone hardware, a centre zip compartment and two front slip pockets. In terms of dimensions, it's just under 11 inches wide, eight inches in height and five inches in depth. It can be carried two ways: either held via the handles, or worn on the shoulder or across the body via the adjustable straps. What reviewers are saying 🛍️ 1,600+ reviews ⭐ 4.7-star average rating 🏅Shoppers say the satchel is the "perfect size" and "love the quality" of the handbag "Absolutely adorable and practical!" raves one customer. Another says they are "so delighted with [the] darling satchel" and call it a "sartorial delight." Emilia Small Pebbled Leather Satchel Others write that they "love the quality" of the purse and note that it's the "perfect size" and that the "detailing is so cute." As well, people share that the "colour is rich" and that "the leather [is] good quality." However, some note that the satchel is a bit smaller than they anticipated — something to keep in mind! The verdict Shoppers love that the Emilia Small Pebbled Leather Satchel is both cute, practical and made of quality material. They say it's the perfect size and a perfect fashion choice for your year-round wardrobe. Right now, it's a whopping $439 off at Michael Kors — and there are dozens of more products on serious sale to snap up.
Elle
3 days ago
- Entertainment
- Elle
The One Summer Shoe Your Warm-Weather Wardrobe Is Missing
What's summer without raffia? Sure, the natural fabric may not be all that new for this time of year, but beyond your usual raffia bag or sun hat, the fabric hasn't expanded into much newer now. In the blink of an eye, our carts and closets have filled with the best raffia sandals. They're the quintessential summer shoe, as the breathable material allows for plenty of airflow and looks like it can walk you straight to a coastal Italian village. We have the past spring/summer and resort 2025 runway shows to thank for that, with designers like Max Mara, Chloé, and Michael Kors introducing more of the fiber into their collections. It didn't take long before brands like and Madewell began weaving the material into their ready-to-wear pieces, giving everyone a chance to embrace summer fabrics in something other than an accessory. As one of the trendiest beach sandals, chic raffia sandals can elevate even the most mundane outfits. And no, the flip-flop trend hasn't been replaced by this woven shoe. However, since the thonged footwear walked its way from the beach to the inner city—often paired with elegant dresses and minimalist ensembles, the woven sandal keeps its seaside groove for us beachgoers. Just look at any of the options below. From Simon Miller to Prada and even Manolo Blahnik, designers are all aboard the raffia train, giving us the most stylish summer shoe of the season. Slide your way into this laid-back raffia sandal and you'll instantly be met with its soft, cushioned footbed. They absolutely do not mean business—no, they mean to take you on a relaxing vacation and set your emails to OOO. According to ELLE's accessories editor Madison Rexroat, they're 'playful yet chic and elevated, perfect for a summer day or running around.' Sizes: 35-41 Colors: Black, Natural Heel height: 0.4 inches For what little effort it takes to slip into this shoe, it surely delivers a major impact in terms of style. Available in two colorways, the buckled beauty adds a casual touch to any summer ensemble. There's padding underneath the straps, too, so you don't have to worry about any skin rubbing against the straw-like feel of the raffia. Sizes: 5-12 Colors: Weathered Sand, Hickory Multi Heel height: N/A Customer review: 'These sandals have such personality and are super comfortable. My shoe size is 8 1/2 medium width and they fit perfect. All straps are adjustable allowing for easy adjustment if desired.' These editor-loved sandals received high praise from former senior content strategist Carine Lavache, who said, 'he molded footbed makes me feel like I'm walking on clouds.' With just the right amount of platform to keep her off any questionable surfaces, the luxurious shoe has taken her from the office to dinner with friends. Sizes: 6-11 Colors: 9 options Heel height: 0.5 inches Customer review: 'I purchased these shoes in yellow and they are like walking on clouds!! Plus, I get more compliments on their unique cool style. They fit perfectly, are an all day comfort kind of shoe, and they make me smile every time I put them on!' If you're curious which shoe has caught ELLE's digital director Claire Stern Milch's attention as of late, it's these Andrea Gomez platform sandals. 'With a platform and a surprisingly walkable block heel, these sandals are my go-to for every summer function on the calendar,' she says. They're inspired by the tropical backdrop of the designer's native Venezuela and channel that quintessential vacation energy that we all crave once summer rolls around. Colors: Brown, Blue Heel height: 4.3 inches When it comes to shoes (and leather craftsmanship), we trust the Italians. The Milan-born brand Paris Texas wove together raffia and leather to create this stylish slingback sandal. It embodies the essence of the Amalfi Coast—visually stunning yet physically demanding—hence the flat heel. A back buckle allows you to adjust the strap to your preference, too. Sizes: 6-9 Colors: Naturale-Black Heel height: 0.25 inches So, you're in need of a work-appropriate summer sandal that doesn't look too casual or feel too stuffy. This Rebecca Minkoff option checks those boxes, offering a refined shoe that can do it all. The cuff ornament at the center adds a subtle visual accent, while a cushioned footbed softens every harsh impact with concrete floors. Sizes: 5-11 According to senior fashion commerce editor Dale Arden Chong, 'A flatform sandal is the perfect way to elongate your legs without compromising on your comfort.' Should your summer itinerary consist of days by a body of water, 'these will go nicely with any beach cover-ups,' she continues. For your day-to-day, though, she recommends pairing these with some linen shorts and a button-down shirt. Sizes: 6-10 Colors: Natural Woven Straw Heel height: 3 inches Manolo Blahnik may be best known for its feminine heels, but this black-and-cream sandal is just as alluring as any of its signature stilettos. The soft leather lining keeps your skin protected from any scratchy sensations the raffia may cause. It's easy to slip into—and even easier to style—effortlessly adding a touch of elegance to your look. Sizes: 6-13 Colors: Neutral, Pink Heel height: 0.8 inches A favorite of ELLE's fashion editor, Carson Stannard, these Neous heels are worth your admiration, too. The strappy sandal features a short (a.k.a. easy-to-walk-in) heel with a raffia footbed. The design is minimal yet impactful, giving your look a sexy touch that doesn't feel too loud or overpowering. Sizes: 6-11 Colors: Chocolate As one of the designers responsible for raffia's current popularity, Chloé deserves praise for creating this Isla Crocheted Raffia Mule. It's rare to find a sandal where even the heel is wrapped in the woven material, making this a truly unique piece. A structured mesh sits at the top of the shoe, with Chloé's logo discreetly stitched into the fabric. Colors: Black, Beige These raffia sandals come with a little bit of flair, making them one of fashion news editor Alexandra Hildreth's favorites. 'Since Dries Van Noten is so great at everything, its footwear often gets overlooked. Raffia is a go-to during the summer, but there's rarely a shoe that interprets it as freshly as Dries does here,' she says. The beaded fringe detail proves just how true her statement is. Colors: Natural The fisherman sandal is another one of those quintessential summer shoes. Year after year, notable designers, like Prada and JW Anderson, create their own iterations of the easy-to-wear style. It should come as no surprise, then, that a shoe like this raffia fisherman sandal exists, blending two trends into one. The rich chocolate hue seen here is a refreshing change from the typical sandy color of raffia, too. Colors: Brown Another shoe that blends two trends into one is this Braided Raffia Thong Sandal from Kelsi Dagger Brooklyn. It's already been established that flip-flops are one of this season's hottest summer shoes, and with a bit of raffia in the mix, you get a distinctly unique sandal at your feet. Made with a mix of leather, suede, and raffia, it doesn't skimp on quality either. Colors: Shell Heel height: 0.75 inches Handcrafted in Spain, the Alzira Raffia Sandal stands out with its square toe and webbed design. A buckled strap keeps your foot secure and safe from slipping. Similar to the Chloé option from earlier, raffia wraps around the heel—but this time, you're not met with a sky-high platform, but rather a comfortable block heel that makes all-day wear easy. Colors: Black You get both height and comfort with these Prada slides, making them an incredibly versatile pair. In fact, no vacation is complete without an easy slip-on shoe that takes you from the resort to the beach. The 1.38-inch platform is just tall enough to give you a little lift without compromising the safety of your ankles. Colors: Naturale, Nero Heel height: 1.38 inches Every product featured on is independently researched, tested, or editor-approved. We only recommend products that we stand behind, and the merchandise featured on our site is always driven by editorial and product testing standards, not by affiliate deals or advertising relationships. Any content created in partnership with advertisers is marked as such.
Yahoo
6 days ago
- Business
- Yahoo
The Michael Kors summer sale is so good — save $100s on bestselling bags, accessories and more
If you've been eyeing a new designer purse (but don't want the designer price tag), now's the time to buy. Michael Kors Outlet is having a major sale and the savings are seriously impressive. During their massive sale, you can get designer totes, purses and wallets at more than 70 per cent off their retail price — we're talking savings of more than $500 (!!) in some cases. Plus, there's an extra deal that's too good to pass up: if you buy a bag and a wallet from the outlet, you can get an extra 20 per cent off the sale price off both with the code TAKE20. The discount applies to specially marked bags and wallets from the site and is only available for a limited time. Wondering where to start? We've rounded up a few especially good deals from the Michael Kors Outlet sale. Keep scrolling to shop. Shop Michael Kors handbags on sale Shop Michael Kors men's bags on sale Shop Michael Kors travel on sale Shop Michael Kors wallets on sale
Yahoo
6 days ago
- Business
- Yahoo
The Michael Kors summer sale is so good — save $100s on bestselling bags, accessories and more
If you've been eyeing a new designer purse (but don't want the designer price tag), now's the time to buy. Michael Kors Outlet is having a major sale and the savings are seriously impressive. During their massive sale, you can get designer totes, purses and wallets at more than 70 per cent off their retail price — we're talking savings of more than $500 (!!) in some cases. Plus, there's an extra deal that's too good to pass up: if you buy a bag and a wallet from the outlet, you can get an extra 20 per cent off the sale price off both with the code TAKE20. The discount applies to specially marked bags and wallets from the site and is only available for a limited time. Wondering where to start? We've rounded up a few especially good deals from the Michael Kors Outlet sale. Keep scrolling to shop. Shop Michael Kors handbags on sale Shop Michael Kors men's bags on sale Shop Michael Kors travel on sale Shop Michael Kors wallets on sale This medium-sized wallet features a classic bi-fold design with plenty of card slots and a zip compartment to keep coins and bills organized. It's made of a luxe cross-grain leather and comes in multiple colours. This pebbled leather shoulder bag can hold all your essentials (and then some). The bag features two handles with a comfortable 11-inch drop, as well as multiple interior compartments to keep stuff organized. It's finished with gold hardware for a timeless look. Want to be hands-free? This trendy dome-shaped crossbody bag is great for taking on the go. The bag features an adjustable chain-trimmed strap and a convenient back slip pocket for easy access to essentials like your phone or keys. It's available in three colours in Michael Kors's signature logo-print canvas. This leather crossbody bag is great for taking on a night out. Despite its compact size, the bag offers enough space for all the essentials, like your phone, keys and wallet. Its structured style and chain strap detail also make it easy to dress up or down. Looking for a bag that can do it all? This medium-sized satchel is timeless and elegant, made from a supple leather and featuring top handles and stylish gold-tone hardware. Inside, you'll find a roomy main compartment, as well as back zip and front slip pockets so you can stay organized. This classic tote bag is great for both work and play. Made from 100 per cent Saffiano leather, the bag features a centre-zip compartment for keeping items secure and organized, as well as a back zip pocket and two side pockets for smaller essentials. It comes in multiple colours, including blue, pink and green. This messenger bag is practical and timeless. The bag is made from coated canvas and features a compact silhouette with an adjustable, wide shoulder strap for all-day comfort. Inside, the bag has room for your phone, wallet and more, with an interior pocket where you can store cards, keys and other small items. This versatile bucket bag will be a piece you pick up again and again. The bag is made from a pebbled leather with a smooth trim, and, despite its small size, opens to a spacious interior. Wear it cross-body style or carry it by the top handles to dinner, while travelling, and just about everywhere else. Who says a backpack can't be classy? This logo-print backpack combines style and function, with front and back-zip pockets for quick access to essentials, and a roomy interior that can hold all your stuff. Its finished with stylish gold hardware for a classic look. This large continental wallet will ensure you never have to fumble around for your cards again. The wallet is made from a luxe pebbled leather, with multiple organizational slots for credit cards, loyalty cards and more. There's also a space for change and cash, and the handy wrist strap allows you to carry it as a clutch. Meet your new travel go-to. This large tote bag is perfect for taking on your next trip, featuring a timeless look made with Michael Kors's signature-print canvas with leather trim. Inside, the bag opens to a spacious interior with plenty of room for the essentials and an inside slip pocket for storing quick-access items, like a passport, phone or wallet.
