In 2024, the total revenue of Michael Kors declined to 3.52 billion U.S. dollars from the previous year's 3.88 billion U.S. dollars. Michael Kors is an American fashion brand specializing in shoes, clothes, and handbags. The brand is part of Capri Holdings Limited (formerly Michael Kors Holdings Limited). The group’s operational headquarters are located in New York. Michael Kors American fashion designer, Michael Kors, founded the company in 1981. Since then, Kors has designed dresses for several celebrities and political figures such as Michelle Obama, Jennifer Lopez, and Kate Hudson. In 2018, Michael Kors Holdings Limited acquired fashion brands, Jimmy Choo and Versace. The company then changed its name to Capri Holdings Limited. Of the three brands, Michael Kors generated the highest share of Capri Holdings’ revenue in 2023. As of 2023, Michael Kors had 825 stores worldwide. The brand is popular among teenagers; in a 2022 survey, it was the leading handbag brand among teens in the United States.

This statistic displays the revenue share of Michael Kors in fiscal year 2024, by region. The Americas region generated the most revenue for Michael Kors that year, accounting for around two thirds of the company's revenue.

This graph depicts the global revenue of Capri Holdings, formerly known as Michael Kors Holdings, worldwide in 2025, by business segment. In 2025, Capri Holdings' Michael Kors brand generated three billion U.S. dollars in revenue.

The online revenue of michaelkors.global amounted to US$25.8m in 2024. Discover eCommerce insights, including sales development, shopping cart size, and many more.

This graph depicts the total revenue of Michael Kors worldwide from 2014 to 2017. In 2017, the total revenue of Michael Kors is expected to be 5.14 billion U.S. dollars.

UAB Michael Kors (Lithuania) financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

Capri Holdings reduces its 2026 revenue forecast amid tariff-related demand concerns for leather goods in North America and Asia.

The online revenue of michaelkors.co.kr amounted to US$2.1m in 2024. Discover eCommerce insights, including sales development, shopping cart size, and many more.

This graph depicts the licensing revenue of Michael Kors worldwide from 2014 to 2018, by region. In 2018, the licensing revenue generated by Michael Kors' EMEA region was about 61.4 million U.S. dollars.

The online revenue of michaelkors.it amounted to US$20.7m in 2024. Discover eCommerce insights, including sales development, shopping cart size, and many more.

The revenue is forecast to experience significant growth in all segments in 2029. However, it is evident that the growth of all five segments decelerates during the later stages of the forecast period. Specifically, the segment Luxury Eyewear shows the smallest increase at 2029, with a value of 9.5 million U.S. dollars. Find further statistics on other topics such as a comparison of the average revenue per capita in Luxembourg and a comparison of the revenue in Australia & Oceania. The Statista Market Insights cover a broad range of additional markets.

This graph depicts the net sales of Capri Holdings, formerly known as Michael Kors Holdings, worldwide in the financial year 2024, by product segment. In 2024, the net sales generated by Capri Holdings' footwear segment was about 1.15 billion U.S. dollars. Michael Kors, Jimmy Choo, and Versace are owned by Capri Holdings.

The eCommerce activity of Michael Kors (USA), Inc. amounted to US$689m in 2024. Learn more about their online business including detailed eCommerce revenue analytics.

In the fiscal year ended March 30, 2024, Versace had global revenues of approximately one billion U.S. dollars, a slight decrease on the previous year. Over the displayed time period, the revenue of Versace has increased, starting at roughly 840 million dollars in 2020. Who owns versace? The Italian luxury fashion brand Versace is now owned by Capri Holdings Limited, after being acquired towards the end of 2018. Capri Holdings was formerly called Michael Kors Holdings and has a portfolio of brands including Michael Kors and Jimmy Choo. The revenue of Capri Holdings Limited amounted to more than 5.65 billion U.S. dollars in the financial year 2024. With the exception of financial year 2021, revenues have remained consistent since 2020. How well known is Versace? In a ranking of the most recognized luxury brands worldwide in 2022, Versace ranked 13th out of 60 brands considered. This was higher than fellow Capri Holdings brand Michael Kors. Other luxury fashion groups LVMH and Kering both had several brands ranked higher than Versace, such as Gucci and Saint Laurent for Kering, and LVMH’s brands Louis Vuitton, Dior, and Fendi. Louis Vuitton was ranked as the most valuable luxury brand by a considerable margin in 2023, at 125 billion U.S. dollars.

According to Cognitive Market Research, the Global Bags market size is USD 34.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 4.20% from 2023 to 2030.

The demand for bags is increasing due to increasing purchasing power, the popularity of bags, and the expansion of e-commerce sites.
The paper bag market's demand for bags remains high. Paper bags are an integral part of the circular economy because they can be recycled and composted, which lessens the need to throw away used goods.
The gusseted bag category held the highest bags market revenue share in 2023.
Asia-Pacific bags will continue to lead, whereas the Middle East and Africa bags market will experience the most substantial growth until 2030.

Market Dynamics of Bags Market

Key Drivers for Bags Market

Increasing Concern About the Environment is Driving the Market Output

Rising environmental consciousness has led to a surge in customer demand for sustainable and environmentally friendly products. Sustainable methods, less waste, and the use of recycled materials provide some brands an advantage. Technological elements, such as smart bags and sustainable and environmentally friendly solutions, can pique consumer attention and influence purchase decisions, which will impact the growth of the bags industry during the predicted time frame.

For instance, in June 2023, Mondi Grünburg and NKE, a leading provider of bearing solutions for wind, railway, and industrial applications, collaborated to develop a novel packaging solution for wind power components. Due to the increasing demand for such fuels, wind power has recently come to the forefront of renewable energy discussions.

(Source:www.mondigroup.com/locations/austria/mondi-grunburg/)

Rise of E-Commerce to Propel Market Growth

The rise of e-commerce is a major driver of growth in the bags market, transforming the way consumers shop and brands engage with their audience. With increased convenience, broader product visibility, and easier price comparisons, online platforms encourage consumers to explore and purchase a wide range of bags—from everyday backpacks to luxury handbags. Digital marketing, influencer promotions, and targeted ads further enhance brand reach and customer engagement. Additionally, the shift to online shopping supports direct-to-consumer models, allowing brands to launch new collections faster and respond to consumer preferences with greater agility, driving sustained demand and market expansion.

For instance, in April 2025, Capri Holdings launched an official Amazon storefront for Michael Kors, leveraging e-commerce to expand its reach, adopt mid-tier pricing, and reconnect with a broader customer base. 

(Source: https://www.reuters.com/markets/deals/capri-aims-revive-michael-kors-with-lower-prices-amazon-e-commerce-sales-2025-04-10/)

Key Restraints for Bags Market

Rapidly Changing Fashion to Restrict Market Growth

Bag producers and sellers may face difficulties due to the quickness with which fashion fads come and go. It can be challenging for firms in the bags sector to keep up with the latest fashions while still fulfilling consumer expectations for appearance and usefulness. Manufacturers of bags may face difficulties meeting environmental, categorization, and manufacturing restrictions. It may be necessary to modify production methods and materials in response to changes in legislation or the adoption of new standards.

High Production Cost to Hamper Market Growth 

High production costs in the bags market, especially for sustainable and eco-friendly alternatives, are limiting market growth. While traditional plastic bags are inexpensive to produce, eco-friendly options like paper, biodegradable plastic, and fabric-based bags require costlier raw materials and more complex manufacturing processes. Paper bags consume more energy and water during production, raising costs. Similarly, biodegradable bags made from materials like cornstarch or PLA are more expensive due to limited raw materials and specialized processing. These increased production costs are often passed on to consumers, making eco-friendly bags less appealing in price-sensitive markets.

Introduction of Bags Market

Bags are portable containers made from materials such as fabric, leather, or synthetic fibers, designed for carryi...

The online revenue of michaelkors.eu amounted to US$24.5m in 2024. Discover eCommerce insights, including sales development, shopping cart size, and many more.

The crystal watch market, encompassing diverse materials like stainless steel, leather, rubber, and plastic, and spanning various applications, is experiencing robust growth. While precise market size figures for 2025 aren't provided, a reasonable estimate, considering the presence of established brands like Bulova, Seiko, and Michael Kors alongside emerging players like Zeblaze and Crystal-Fit, suggests a global market value exceeding $5 billion in 2025. The market's Compound Annual Growth Rate (CAGR) is likely in the range of 6-8% for the forecast period 2025-2033, driven by several factors. Increasing consumer disposable income, particularly in developing economies like those in Asia-Pacific, fuels demand for luxury and fashion accessories, including crystal watches. Furthermore, technological advancements in watchmaking, such as the integration of smart features and the use of innovative materials, are enhancing product appeal. The market segmentation reveals strong demand for stainless steel and leather watches, reflecting preferences for durability and classic aesthetics. However, growth in the plastic and rubber segments is also expected, driven by affordability and increasing consumer interest in eco-friendly materials. Regional variations are anticipated, with North America and Europe maintaining significant market shares due to high purchasing power, while Asia-Pacific is projected to witness the fastest growth, fueled by a burgeoning middle class. The competitive landscape is characterized by a mix of established luxury brands and emerging players, creating a dynamic market with opportunities for both innovation and market consolidation. Challenges include fluctuating raw material prices and increasing competition, necessitating continuous product diversification and brand building strategies. The forecast period (2025-2033) anticipates continued expansion of the crystal watch market, with a projected CAGR of approximately 7%. This optimistic outlook stems from the consistent adoption of innovative technologies and designs, catering to a diverse customer base seeking stylish and functional timepieces. Key restraints include economic downturns that might affect consumer spending on luxury goods and the rise of smartwatch technology which may influence consumer choices. However, the enduring appeal of classic and elegant crystal watches, particularly among discerning consumers, suggests that the market will maintain a steady and healthy growth trajectory over the next decade. Successful players will need to adapt to shifting consumer preferences, emphasize sustainability, and continually innovate in design and technology to maintain competitiveness. Regional distribution strategies, tailored to the unique cultural and economic contexts of each market, will also play a crucial role in maximizing revenue potential.

The revenue of the Italian luxury brand Versace has increased substantially since the company was acquired by Capri Holdings in late 2018. In the financial year 2024, Versace generated a revenue of over one billion U.S. dollars. Worldwide recognition Founded in 1978 in Milan, Gianni Versace is one of the leading international fashion design houses. The company manufactures, distributes and retails fashion and lifestyle products including high-end clothing, accessories, jewelry, eyewear, fragrances, and home furnishings. The brand Versace is one of the symbols of Italian luxury worldwide and, thanks to a strong marketing strategy and a very recognizable style, the company ranks among the most followed luxury brands on Instagram, Facebook and Twitter . Italian brands, foreign ownership Due to unfavorable economic conditions in Italy, Versace is one among several Italian brands that was acquired by larger international groups. In 2018, Versace announced that it was acquired by the Group Michael Kors Limited (later renamed Capri Holdings Limited) forming a global fashion luxury group together with the brands Michael Kors and Jimmy Choo.

The online revenue of michaelkors.jp amounted to US$12.1m in 2024. Discover eCommerce insights, including sales development, shopping cart size, and many more.