Handbags Sit on Display at a Michael Kors Store in Washington

Handbags Sit on Display at a Michael Kors Store in Washington

Andrew Harrer/Bloomberg

Handbags and purses sit on display at a Michael Kors Holdings Ltd. retail store in Washington, D.C. After challenging Coach Inc. in the U.S., Kors is opening stores near those of European rivals, aiming to steal customers with self-described “jet-set” looks and relatively low prices.