Michael Kors is closing up to 125 locations

Even Nicki Munaj is struggling to find Michael Kors nowadays. The high-end fashion retailer is closing up to 125 stores after they saw revenue decline 14 percent in the most recent quarter. The company only owns and operate 668 stores, meaning that closings will be effectively cutting their locations by 20 percent. Many point to Kors' aggressive expansion in the early part of the the decade as a reason for its decline, as it wasn't able to sustain its sales growth across all locations,