Liz’s Notebook: Is it a ‘Michael Kors bag’ or a ‘fake Birkin’? One wonders

When the Michael Kors store opened in 2011 at the Tanger 1 Outlet Center in Bluffton, I began to notice what seemed like a marked shift in the brand of purse that women and teens who live in this area started carrying. It went from Coach or Vera Bradley to — obviously, because what else am I talking about here? — Michael Kors.

replica michael kors

replica michael kors

I’m sure part of this was just a reflection of a shift in trend nationally, but it did have a small-town element to it. Tanger had just upped its game with a complete tear-down/rebuild and a new crop of more relevant stores, so naturally we all flocked there like this was “Little House on the Prairie” and we’d just heard tell that Oleson’s Mercantile got a new bolt of fabric.

(Who wore it best? Nellie wore it best.)

The Michael Kors trend continues. I’m not a market analyst, but I would say the purse game in Beaufort County goes something like this: replica michael kors handbags, then Kate Spade, with Spartina 449 coming in hot and Marc by Marc Jacobs (RIP) mixed in here and there.

And here’s the thing about Michael Kors that not enough people seem to talk about (at least not enough for my liking). Its Hampton line of bags (which I have in East-West black and a lot of women locally also have) resembles an Hermes Birkin bag, that exclusive $10,000-plus, waiting-list-only purse that serves as an Upper East Side hiney sniff for women who need to know your pedigree before they’ll talk to you.

The design — with its “What! I’m not copying a Birkin! My my, the accusations!” variations — gives you the same silhouette as a Birkin would. The same tidy rectangle with primly looped handles. With a quick glance, it might just fool people.

It reminds me of when Reed Krakoff rocked Coach’s world with his “C-print” design 10 years ago. It looked too much like a Gucci knock-off for me to accept it into my purse family. But I went for this fake michael kors handbags.

When we invest in a designer purse, we’re choosing a certain look that is particular to a brand. The MK looked like an MK purse but also kind of familiar to me. I couldn’t place it at first. Now I can place it. So now I’m wondering if it’s a “Michael Kors purse” or a “fake Birkin.” The answer doesn’t matter, but sometimes I like to think about things like this. By the way, tell me if you think I’m wrong about the Beaufort County purse order. I want to hear what you think.

Solange Knowles wows in cream as she DJs at replica michael kors bash

replica michael kors

replica michael kors

If you’re DJing at a glitzy gala hosted by Michael Kors, no doubt you’re going to pull out all the stops when it comes to your outfit – and Solange Knowles did just that on Tuesday night. Beyoncé’s sister showcased her edgy style credentials in an all-cream ensemble as she arrived to the 8th Annual Spring Ball in New York.Solange Knowles

wowed in an all-cream ensemble at the event in New York

The 28-year-old was effortlessly cool in a tailored blazer and silk top, paired with cigarette pants and nude strappy sandals, looking every inch the musical superstar as she took to the DJ booth. She completed the look with a metallic mirrored box clutch and stacks of gold and bronze bangles.

It comes as no surprise that Michael Kors turned to Solange to provide the music at his bash – her career as a DJ has seen her working at major events including the Academy Awards Governor’s Ball after party.

replica michael kors handbags

The star showed off her DJing skills at the glitzy bash

It’s not the first time that Solange, who has a young son called Daniel, has wowed in a cream ensemble. Last November the star caused a stir when she arrived for her wedding to video director Alan Ferguson in a plunging cream playsuit and a cape, looking every inch the ultimate cool bride. For the ceremony itself she changed into a simple and classic floor-length white gown with an attached cape, as the couple tied the knot in front of 200 guests in New Orleans.

fake michael kors handbags

Solange Knowles and Alan Ferguson arriving for their wedding in November 2014

It’s been an exciting few weeks for Solange and Beyoncé as their mother Tina Knowles got married to actor Richard Lawson last month, on board a luxury yacht moored outside of Newport Beach. All 300 invitees wore white for the ceremony, which was held on a vessel named Eternity, just off the California coast.

It’s the second marriage for fashion designer Tina, who filed for divorce from Beyoncé’s father and former manager Mathew Knowles in 2009 after more than 30 years of marriage. In October, Tina opened up about finding love again after her divorce. “I’m at my happiest I’ve been in a long, long time,” she admitted.

replica michael kors handbags: A Growth Company At A Value Price

replica michael kors handbags

replica michael kors (NYSE:KORS) is a rapidly growing global luxury brand. The company designs watches, jewelry, footwear, bags and many other products. Currently, the firm has a presence in over 95 countries. In fact, it operates stores in some of the most prestigious cities in the world including New York, Beverly Hills, London, Munich, and Tokyo.

In my opinion, replica michael kors handbags represents one of the best opportunities in the United States. Indeed, the stock reached a peak of $100 back in 2014. Currently, the stock is trading around $62. With this pullback, it is now possible to buy a rapidly growing company at a value price.

In fact, the company has an incredibly strong balance sheet. With $1,983 million in current assets and $479 million in current liabilities, it is possible to calculate a working capital of $1,504 million. Consequently, it represents approximately 12% of the market capitalization.

Moreover, it is also possible to calculate an impressive net current asset value (NCAV). The NCAV is calculated by subtracting total liabilities from the current assets. This metric was introduced by Benjamin Graham. With total liabilities of only $411 million, the NCAV is equal to $1,366 million. It represents 11% of the market capitalization.

Without a doubt, these metrics are interesting, but the incredible part is the net-net cash value. It is calculated by subtracting the total liabilities from the cash and cash equivalents alone. With $955 million in cash and cash equivalents and total liabilities of $411 million, the net-net cash value is equal to $544 million.

Ironically, I find no authors talking about these numbers. Without a doubt, they corroborate the fact that fake michael kors handbags has an extremely strong balance sheet.

Furthermore, the firm has an enterprise value of $12,000 based on a market capitalization of $12,500 and a trailing twelve months EBITDA of $1,372 million. Consequently, Michael Kors has an EV/EBITDA figure of only 8.75. In my mind, the market underestimates the growth potential of the corporation.

The management also thinks that the current share price represents an interesting opportunity. It is exactly why it initiated a $1 billion NCIB recently. This share buyback program reflects the management’s confidence in the long-term growth perspective of the firm.

As the following table shows, Michael Kors has almost no exposure to emerging countries. Thereby, there is a lot of room left for the firm to conquer the Chinese market.

Clearly, Michael Kors is heavily leveraged to the North American economy. In my mind, a slowdown in the U.S. economy is the biggest risk for the firm. So, any investor interested in buying the stock should watch the consumer confidence index carefully. It is important to take this risk into consideration before taking any position.

In conclusion, any value investor should take a look in this growth company. The current share price put Michael Kors in an undervalued situation in my opinion. On the other hand, the firm is heavily leveraged to the U.S. economy. A diversification in the emerging markets and a massive share buyback program could help the share price to rebound in the long term. Please do your own due diligence before buying the stock.

The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.

How did this replica michael kors bag spark a fashion phenomenon?

Miranda Kerr clutches hers tightly, as do her fellow lingerie models Heidi Klum and Rosie Huntington-Whiteley, while actresses Zoe Saldana, Amy Adams and Jessica Chastain have all been spotted with one hanging off their arm. And no, we’re not talking about an A-list boyfriend, but something us non-celebrities can obtain quite easily too: the handbag de nos jours by replica michael kors handbags. Look around any office, restaurant or train carriage, and chances are you’ll spot several – the unobtrusively elegant shoulder bags and totes in navy or camel. The odd one will be burgundy red or fuchsia, but all will feature the shiny golden coin-shaped MK logo.
I wouldn’t want a woman to say, ‘I can’t go to the supermarket with this bag’

Kors, 55, has headed a fashion label for 34 years – the supermodel Iman opened his first catwalk show in 1984 – but in the past few years his brand has gone stratospheric, largely due to the success of his handbags which have sent company revenues sky high – up as much as 50 per cent year on year and reaching $3.3 billion (£2.2 billion) in 2014. The label is also the most searched-for online.

In the not-so-distant past, designer brands maintained their desirability by snootily protecting their exclusivity – unattainability was the basis of their appeal. Kors, however, has disrupted the old model, democratising fashion by selling what he calls ‘everyday luxury’ – a slice of something decadent for a price within reach of many more than a privileged few. A week on a yacht might not be an option, but a bag by replica michael kors (as his accessories range is known) can be. And as a result they are now top sellers in that middle-class bastion of reliable retail John Lewis – which reported a growth of 70 per cent in sales of the range last year and sells an average of 80 bags a day – as well as designer fashion haunts such as Selfridges, which sells around 225 of the brand’s Selma bags alone every week, and Harvey Nichols, which has seen a 34 per cent increase in demand for fake michael kors handbags.

It is one of the first days of spring when I arrive at Kors’s offices in New York. It’s sunny but still brisk, and I’m suddenly concerned about what he’ll think of my 100-denier black opaque tights. This, after all, is the man credited with popularising the bare-legs-even-in-winter look – part of the luxury ‘I don’t take the tube’ lifestyle his brand is infused with. The lobby of his Manhattan HQ is deeply resonant of that ethos too, decked out with caramel leather sofas and black and white shots of his fashion favourites: Jackie Onassis, her sister Lee Radziwill, Robert Redford and Goldie Hawn (whose daughter Kate Hudson is one of Kors’s coterie of A-listers, a firm fixture on the front row at his shows). I fear I should have worn something more impractical, in camel or cream.

When Kors himself crosses his sunny office to greet me, he is, I am relieved to see, in camouflage trousers and a black sweatshirt; only his tan and his large Rolex scream ‘jet-set’. And, perhaps, the large portrait of himself in his trademark aviators, taking up a central spot on the wall. How does he explain the unprecedented popularity of his bags? ‘A handbag is one of those things that’s utilitarian – we need to be able to transport our stuff – but at the same time it adds personality and glamour,’ he says.

‘People want luxury and quality but not something so precious that they will only ever use it on special occasions. I wouldn’t want a woman to say, “I can’t go to the supermarket carrying this bag,”’ he asserts. ‘She should be able to take it to the gym, to work, wear it at the weekend…’

There’s another factor in his formula for success: Kors has – albeit by chance, he maintains – capitalised on fashion’s sweet spot. According to recent reports, £300 is the magic price point at which aspirational shoppers and coveted designer treats meet – Kors’s biggest sellers, the Sutton and the Selma, are £285 and £315 respectively, while the Riley costs from £260. ‘Three hundred pounds is probably that magic spot,’ he agrees. ‘It’s not inexpensive but it’s not so prohibitive that it becomes your once-in-a-lifetime moment.’

Indeed not. Kors tells me that many of his customers are such fans of the bags they buy them in a rainbow of colours (Selfridges carries the Selma in 36 shades, while Harvey Nichols customers can’t get enough of the design in mandarin). ‘I call it the jelly bean principle,’ he says. ‘If you love that jelly bean in strawberry, you’re going to love it in orange and you’re going to love it in mint, so she lines them up.’ (‘She’ being the Michael Kors woman.)

‘She’s a watch collector that way,’ he continues. ‘She’s a shoe collector that way. She’ll buy the same cashmere pullover in six colours, if it’s the right one.’ To feed such apparent avarice, he designs several dozen new bags each season, plus four new collections a year for his significantly more expensive ready-to-wear line.

On loop in the lobby is a video of his autumn/winter 2015 catwalk show in February. Featuring models of the moment Kendall Jenner and Karlie Kloss, it was the most Instagrammed show of New York Fashion Week.

The catwalk range, Michael Kors Collection, is separate from his accessories line and the show is an indulgently high-end extravaganza, with vast swathes of fox fur, cashmere and sparkling sequined dresses, embellished by hand. ‘No, we cannot get you that dress for £300 – it’s an impossibility,’ he shrugs. ‘£3,000 is more accurate.’

So are there two different sorts of Michael Kors woman – the one who collects cashmere sweaters and might be tempted by a four-figure party dress, and the one who carries a Michael Michael Kors handbag to the office?

‘I actually think they are very similar,’ he says. ‘I call them glamorous jugglers. It doesn’t matter if you’re in the public eye or not; if you’re 25 or 65, you’ve got a lot going on – you’re balancing family and work and kids and travel.’

On the long, low shelf at one end of his office, alongside umpteen portraits of himself with models and his three awards from the Council of Fashion Designers of America, is a picture of Kors with the US president and one of his most famous glamorous jugglers, Michelle Obama. She has worn Kors’s dresses for numerous public occasions, including Obama’s first inaugural reception, and an official White House portrait – ‘a huge honour’, he says. And in January this year, while her husband delivered the State of the Union address, social media was discussing only one thing: Michelle Obama’s two-piece grey Michael Kors suit.

‘A lot of women, when they want to be in a powerful situation, wear a dress. Everyone wears a dress,’ he says. ‘And suddenly, she’s in a suit. So I think there were people watching saying, “Oh, you know what, I could look feminine and powerful and sexy all at once – I could wear a suit.”’ The suit sold out overnight, globally.

‘Fifteen years ago, there were still distinct borders in fashion, and that’s all gone,’ he says, referring to the impact of a social-media universe where everyone is a fashion critic and likes on Instagram can be as important as shoots in glossy magazines. Fifteen years ago, remarkably, he was just opening his first store, in New York. He now has 509 stores worldwide, 13 of them in the UK and Ireland, including a brand new Sloane Street branch in London. Seven more will open here next year, including a Regent Street flagship in early 2016.

Kors grew up in Merrick, Long Island, a suburban town outside New York City. He was interested in style from the start, he says, and at five years old advised his mother, Joan – a former Revlon model – on her wedding dress for her second marriage, coaxing her away from frills in favour of a more streamlined and flattering style. ‘Even at that age, I knew that the woman should wear the dress, not the other way round,’ he says. The numerous women in his family were an enormous influence in the development of this conceit. ‘It was a little bit like a Fellini or an Almodóvar film in my family,’ he laughs. ‘I was surrounded by these very strong women, and they all had different fashion points of view.

‘My mum was very understated, while my grandmother was over-the-top and glamorous,’ he recalls. ‘I had one aunt who was very bohemian, and another aunt who was a full-on sex-bomb [she apparently wore a bikini to his bar mitzvah]. And I saw that when people put the right thing on, they had a bit of a spring in their step.’

As a teenager, he regularly ventured into the city, hanging out at Studio 54, which was frequented by the fashion crowd including the iconic Vogue editor Diana Vreeland and writers such as Truman Capote. He began studying design at New York’s prestigious Fashion Institute of Technology, but dropped out before graduation to develop his own collection. In the cut-throat world of New York fashion, that takes some serious self-belief, I say. ‘I was very sure of myself. I knew what I liked and I knew what I wanted,’ he nods. ‘At the same time I had no idea about the mechanics of fashion, but I knew the kind of things that I wanted to design, and I knew the kind of woman I wanted to design for. I didn’t jump in scared about whether it would work,’ he says. ‘When I play the game, I know I want to win.’

His confidence paid off. At 22, his first collection was bought by New York’s most glamorous department store, Bergdorf Goodman, and championed by Anna Wintour, then fashion editor at New York magazine.

is first catwalk show came three years later, and he spent several years as creative director at the French fashion house Céline before opening his first stand-alone store on New York’s Madison Avenue in 2000. He unveiled the diffusion and accessories line Michael Michael Kors in 2004 – the same year he joined the hit television showProject Runway as a judge – and two years later launched a store selling accessories and homeware. These days, even he seems to think of himself as a brand – ‘That’s very Michael Kors,’ he says on several occasions.

It’s a tricky manoeuvre that Kors has pulled off over the past decade, not just democratising his brand without devaluing it, but harnessing that populism to create a powerhouse.

‘These are different times: girls who are just starting their career mix their high-street wardrobes with pieces that are more expensive, and then they add some vintage,’ he says.

‘The rules have changed – the wealthiest people in the world wear flip-flops.’

Kors himself falls firmly into this category – last year he officially joined the Forbes global list of billionaires.

He lives in Manhattan’s pretty, pricey West Village with his long-term partner Lance LePere, whom he married on the beach in Long Island in 2011. Not that it sounds as if he’s home all that much.

‘I’m off to Los Angeles next, then Amsterdam, then Milan, then Tennessee – but that’s on vacation – then Florida, twice,’ he rattles.

All in the next five weeks. When does he relax? ‘I’m all about the beach,’ he enthuses. ‘Get me to warm weather, with a juicy biography, and it recharges my batteries. It lets me exhale.’

And if he’s in the city, it’s the theatre. ‘I’m a theatre obsessive; in London or New York, if there’s a spare night, I’m at the theatre. So even when I am sitting still, I’m travelling, because the theatre is travelling,’ he declares.

This week Michael will be in London again to host Icons of Style, an event exploring the role of fashion in film over the past four decades, for which he has chosen three of his favourites – Love Story, Almost Famous and the remake of The Thomas Crown Affair (for which he worked on the costume design).

The female leads in each film – Ali MacGraw, Kate Hudson and Rene Russo – and the characters they play, are all regular sources of inspiration for him, he says. ‘One of the three is always in my collection. But I see people on the street and at the airport who inspire me too,’ he continues. ‘I saw an older woman the other day in Florida, who had taken her cashmere muffler and pulled it through a big ring around her neck. I thought that was cool – it suddenly made her glamorous,’ he enthuses.

‘You don’t have to be famous to inspire Michael Kors. You might just pass me on the street.’ Let’s just hope you’re carrying one of his handbags.

Police: replica michael kors handbags Stolen from Cars Parked at Gyms in Nassau

Nassau County Police reported the following information on larcenies from cars.

April 14: Thrush Avenue, West Hempstead; iPhone stolen.
April 15: West End Drive, Inwood; wallet stolen.
April 16: Cambridge Road, Woodmere; change stolen.
April 16: Kohls, Jericho; iPad, replica michael kors handbags iPad case, black bag fake michael kors handbags, personal papers stolen.
April 16: Janet Place, N. Woodmere; power and hand tools stolen.
April 17: Shore Drive, Merrick; hubs stolen.
April 17: Love parking lot, Carle Place; pocketbook stolen.
April 17: Arthur Street, West Hempstead; license plate stolen from motorcycle.
April 18: Westbury United Artists Theatre, Westbury; flush panel cover stolen.
April 18: Gate Lane, Levittown; cash stolen.
April 18: Costco, Meadowmere; computer scanner, sunglasses, Nike Airmax sneakers stolen.
April 18: Tire & Car Care, Syosset; catalytic convertors and license plate stolen from two U-Haul vehicles.

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April 18: Northern Boulevard, Manhasset; laptop stolen.
April 18: Clinton Avenue, Inwood; diaper bag stolen.
April 18: Zavatt Street, Inwood; backpack, MTA identification stolen.
April 19: Gordon Avenue, Westbury; cash stolen.
April 20: Lucille Roberts, Massapequa; pocketbook stolen.
April 20: Lucille Roberts, Massapequa; rear window smashed, handbag stolen.
April 20: Sunrise Dental Associates, Massapequa; iPad, iPod, cash, Garmin GPS stolen.
April 20: LA Fitness, North New Hyde Park; rear passenger window broken, handbag stolen.
April 20: Planet Fitness, Carle Place; rear passenger window broken, blue tote bag stolen.
April 20: New York Sports Club, Oceanside; sunglasses, Tory Burch wallet, replica michael kors pocketbook stolen.
April 20: Redwood Avenue, Inwood; iPod, cash stolen from two cars.
April 20: Gabriel Avenue, Franklin Square; cash, phone charger stolen.
April 20: Cruze Street, Franklin Square; gift cards and DVDs stolen.
April 21: E. Greenwich Avenue, Roosevelt; credit card stolen from center console.
April 21: Pocahontas Street West, Massapequa; wallet, assorted personal papers stolen.
April 21: Spruce Street, West Hempstead; GPS, Kindle, book bag stolen.

Want deals on shoes? pop-up shoe sale this weekend replica michael kors

I get a lot of calls and emails from people who want me to write about their events and their sales.

And this week when Daniel Atkins called to tell me about his “pop-up sale” of 10,000 pairs of shoes at discounts ranging from 40-90 percent off, he had me at ‘Hello.’ ”

The sale that Daniel Atkins and his wife, Darla, are holding is called the “Big Brands Blowout Sale” and is Friday through Sunday, and then two more weekends this month.

It takes place in the old Electronic Express building in the Cool Springs area — next to Dick’s Sporting Goods and Kroger, and, yes, right down from one of my favorite “go-to” shoe stores, Marti & Liz.

“These are overstocks, shelf pulls, customer returns, and most of them are brand new, from high-end stores,” said Daniel Atkins, as he showed me the inventory of men’s, women’s and children’s shoes that has been coming in by the truckload all week.

The brands are definitely “big” names — with hundreds of pairs of Vans, Converse and Sperrys, plus lots of other brands popping up in smaller numbers, such as Ugg, Nike, fake michael kors handbags, Tory Burch, Coach, Vince Camuto, Jack Rogers, Stuart Weitzman, Timberland, Alegria ,replica michael kors and more.

Of course you want to know the prices.

There is a special high-end shoe area just as you enter the store where you will find brands such as Ugg. (The most expensive shoe in the house is a $110 tall Ugg, which has a suggested retail price of more than $200.) The area also has others such as Tory Burch flats and wedges that have suggested retail prices of $130 and higher but are selling for $75 and $85.

The Atkinses, who have four children and live in Brentwood, point out that there are lots of deals on the lower end, too. The boxed shoes such as Sperrys and Converse are $30 each or two pair for $50.

And you can mix and match, maybe a pair of Vans for me and some Sperrys for the hubby.

The shoes that are not boxed are displayed à la Marti & Liz on open shelves and are priced at $20 per pair.

And then there is a section of super buys that are $15 a pair, or three pairs for $30. Some of these are brand new, while others might have some flaw or a little bit of wear on them. But still!

“We want to have something for everybody: flats, heels, fashion, and for every budget,” said Daniel Atkins, who said about 80 percent of the merchandise is ladies, but that there are plenty of men’s shoes, too, and some children’s footwear as well.

He also said that they will be adding inventory to the floor every day of the sale, which also includes clothing and a limited number of replica michael kors handbags at good discounts, too.

This “blowout” sale is an outgrowth of Darla Atkins’ longstanding business on eBay. She started it in 1998 with opportunistic yardsaling and then reselling on eBay, and is proud that she has received more than 10,000 positive feedbacks on eBay.

“The business really has mushroomed. We were getting larger and larger and decided to try pop-up retail,” she said, clearly excited about this big first step this weekend.

The strategy is to “drop prices and go for volume, and we want customer feedback,” Daniel Atkins said, noting that he has set up, and customers will be invited to share their email addresses to get updates on future sales.

“It’s a grand adventure and we have high hopes,” Daniel Atkins said. “This is sort of a test drive for us. If it works, we want to come back in three months and have a back-to-school blowout.”

I think the feedback will be positive, and I’m definitely getting on the list to find out when the next sale is!

Stay cheap!