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Michael Kors drops after it cuts profit forecast on lower retail traffic

Thursday, February 9, 2017 - 05:50

New York

MICHAEL Kors Holdings Ltd fell the most in more than a year-and-a-half after cutting its annual profit forecast, signalling that dwindling retail traffic and a plan to reduce its reliance on the troubled department-store industry will continue to weigh on results.

Profit

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