This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Deal: Searching for the Next Michael Kors at Fashion Week

In the seven years since its founding in 2005 -- propelled by the designer's oversized "Morning After Bag" -- the brand grew into a $60 million business by 2012, up from about $10 million in 2009, according to Inc. magazine, growing 500%.

And it's that youth that gives investors hope. Granted, $60 million in sales is a long way from $1 billion, let alone a few billion dollars -- something executives at the fashion company would acknowledge.

But Rebecca Minkoff has a strong partner in China, which manufactures the company's accessories. Its partner plans to open 35 stores across that country, betting on the growth of China's middle class and a shift in demand to more accessible contemporary luxury goods.

Success for these brands, according to Leonhardt, relies on having an aesthetic that consumers on the street can easily identify with or relate to, and of course, just offering up desirable product. But there is no formula, she added.

Helping to fuel the growth of such companies is not only accessories, but a growing middle class in emerging markets. There may not be 20% growth in China, for example, Leonhardt said, but there will still be attractive opportunities for expansion.

And perhaps more shows in, say, Shanghai.
5 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PVH $95.54 0.00%
COH $40.42 0.00%
KORS $51.31 0.00%
RL $93.05 0.00%
AAPL $94.19 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs