Michael Kors (KORS) wants to double its stores to 400 in North America and quadruple its...

|About: Michael Kors Holdings (KORS)|By:, SA News Editor

Michael Kors (KORS) wants to double its stores to 400 in North America and quadruple its department store boutiques to over a 1K as it takes dead aim at stealing market share from Coach (COH) in the luxury goods sector. Industry consultant Steven Dennis notes that it's the first "mega-brand" to challenge Coach directly. YTD: KORS +74.9%, COH +28.1%.