Is Oklahoma the ‘end of the road’ for retailers like Michael Kors?
According to a Sept. 16 post on seekingalpha.com, the news that Michael Kors is coming to Oklahoma (Tulsa, before we broke the story of the store opening in Penn Square Mall) means the retailer has maxed out his expansion. Michael Kors Holdings Limited has gone from 177 stores to 253 over the last 12 months, ending June 30.
“…once a store reaches Oklahoma City or Tulsa, it has typically hit the end of the road regarding significant expansion into new states,” the author says.
Seeking Alpha says Oklahoma is typically in the last 10 states retailers reach due to its location, and the last five or so states have such a small population, retailers don’t even bother. Is Oklahoma the end of the road? What do you think?
Thank you for joining our conversation on One Stop Shop. We encourage your discussion but ask that you stay within the bounds of our commenting and posting policy.
Comments
No comments yet.
Leave a comment