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Michael Kors' Q2 pips analysts' estimates; new stores outside US help

Trends among younger handbag shoppers do not favour Kors. Millennial customers are said to prefer smaller bags and cross-body purses, which typically cost less, said analysts.

New York

MICHAEL Kors Holdings Ltd, the seller of luxury handbags and clothing, posted a second-quarter profit that topped analysts' estimates, even as its new retail locations boosted sales.

Earnings in the quarter through Sept 26 were US$1.01 a share, the company said in a...

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