Michael Kors: the perils of becoming ubiquitous

Michael Kors (NYSE:KORS) delivered a strong third quarter in terms of earnings, delivering earnings per share of 1.48 dollars, well ahead of analyst expectations for 1.34 dollars per share. However, the retailer disappointed many in the market, as the - until now - unstoppable brand has become too ubiquitous, losing thus part of its momentum.