Michael Kors is Shrinking its Department Store Business ... on Purpose

Michael Kors made headlines last week after an analyst from Wedbush reported that nearly half of Nordstrom stores had decided to stop selling the brand's handbags due to "waning interest from customers" and competition with Macy's because of its "constant discounting" of the product. Nordstrom Co-President Pete Nordstrom refuted the reports, sort of, telling WWD: "We value our relationship with Michael Kors and hold them in the highest esteem," and that "we plan on carrying their product in select stores and online."