Week in Review: Top 10 Articles of Note

In What's New, Industry News by Accessories Staff

A romantic embrace in a Michael Kors Valentine's promotion

A romantic embrace in a Michael Kors Valentine’s promotion

New York—Well it’s New York Fashion Week a designer’s delight. This time around, there’s one designer who must be ecstatic even though if it isn’t about his latest collection that premieres Feb. 12.

No, Michael Kors is no doubt over-the-top due to his entrance into that exclusive billionaire’s club. With news that his Michael Kors Holdings boasted a 77% jump in profit and a 59% sales increase, the company’s shares rose putting Kors smack dab into billionaire status.

While there was far-from-good news at retail given a disappointing January comp sales report, the National Retail Federation is downright bullish about overall retail sales this year. The nation’s largest retail trade association predicts a 4.1% rise in sales, a stronger forecast than in the last two years.

What else should you know about this week in retail and fashion news? Take a look below at the top 10 online articles of the week:

Astounding Report: Michael Kors Profit Up 77%, Sales Hit $1 Billion

Pantone Announces NY Fashion Week’s Top 10 Colors

Storms, Shopper Fatigue Chill January Comp Sales

JCPenney Shares Drop Despite Positive Comp Sale Report

“Optimistic” Forecast: NRF Predicts 4.1% Rise in 2014 Retail Sales

Tandy Brands to Cease Operations

Report: Fewer Americans Plan to Celebrate Valentine’s Day

Walmart Trims Forecast on Weaker Comp Sales

Ralph Lauren Posts “Solid” Profit in “Shaky” Retail

Presenting Hat Person of the Year: Pharrell! –

Seeing Red at NYFW: Fashion Show with a Heart
Black and Plaid