Watch the movie Inside Man After watching Inside Man, re-read the lengthy quote from film scholar John Belton included as attachment and respond to Belton’s argument about the subtle way Lee’s film addresses race and racism and how differently he goes about it compared to his other films (for example: the 1989 hit Do The Right Thing or his Academy Award winning film, BlackkKlansman (2018)). Directly quote from Belton at least once and write at least a paragraph in response (8 sentences).
UNIT IV ASSIGNMENT
Michael Kors Holdings was founded in 1981 by aspiring fashion designer Michael Kors, who launched the Michael Kors Women’s Collection, which was sold in department stores such as Bergdorf Goodman and Saks Fifth Avenue. The company had a rocky start and declared bankruptcy in 1993, but 4 years later, Kors began designing for French house Céline and launched a lower-priced line. In 2002, Kors left the French company to focus again on his own line, which was again unprofitable.
American fashion executive John D. Idol bought the Michael Kors business in 2003 for $100 million. According to Idol, “It was losing money and probably would have gone out of business had we not bought it.” Idol became the company’s CEO and repositioned the brand as an American jet-set lifestyle. As the Chief Creative Officer, Kors used sportswear-themed designs that garnered international acclaim. After 5 consecutive years with profitable quarters, in 2011, Michael Kors Holding Limited had one the most sMichael Kors Holdings Ltd., 2015
Headquartered in Hong Kong, Michael Kors Holdings is a global luxury lifestyle company with nearly 10,000 employees, specializing in the design and distribution of women’s luxury accessories and clothing. The company sells its products globally, including in retail stores in London, Milan, Paris, Tokyo, and Rio de Janeiro. The company sells some men’s products, but mostly it is women’s fragrance products, footwear, watches, jewelry, clothing, eyewear, handbags, and small leather goods that retail from $500 to $6,000, footwear that retails from $300 to $1,200, and women’s apparel which retails from $400 to $4,000. The higher-priced apparel is marketed under the more expensive Michael Kors Collection brand. But the company has a less expensive line of products marketed under the MICHAEL Michael Kors brand, with handbags from $200 to $800, and more affordable sportswear, including footwear from $70 to $500, and women’s apparel from $50 to $500.
In 2014, Michael Kors announced plans to expand its men’s clothing and accessories into a $1 billion business. Currently, the men’s market represents less than 5 percent of company sales. The market for men’s clothing and accessories is becoming increasingly saturated, as brands such as Coach and Louis Vuitton are courting men in an effort to counteract a slowdown in women’s categories.
For 2015 through August 5, Michael Kors’ stock has declined 47 percent compared to the S&P 500 average increase of 2.49 percent. Kors is being mentioned as a takeover target since the company’s stock is depressed following disappointing earnings and revenues of late. This is in stark contrast to rival Coach, whose stock price and financial performance have been on a dramatic upswing in 2015.
Successful IPOs in the year, raising about $944 million after selling 47.2 million shares of stock.
In fiscal 2014, Michael Kors’ retail segment reported sales of $1,593.0 million and a 26.2 percent increase in year-over-year comparable store sales. The company is progressing with its goal of expanding into large markets, especially those in Europe and Japan. However, the fashion industry is intensely competitive. In early 2015, a rival company, Coach Inc., purchased Stuart Weitzman Holdings LLC for $574 million, primarily to expand Coach’s line of high-end footwear to compete with Michael Kors, Kate Spade, and other high-end fashion companies. Coach reported a decline in revenue growth in 2014, yet it still had much higher total revenue than Michael Kors.