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Michael Kors to shutter 100-125 stores after bleak FY18 forecast

London - Michael Kors is set to close between 100 and 125 full-price stores over the next two years following a bleak full-year forecast for fiscal 2018. The US premium label announced its impending store closure on Wednesday morning amid disappointing financial results for the fiscal fourth quarter and fiscal year ended April 1, 2017. Shares in...