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Sarah Halzack

Michael Kors Gains Traction in Jimmy Choo Heels

Improving margins and momentum in categories beyond handbags show its strategy is working.

Making strides.

Making strides.

Photographer: Chris Ratcliffe/Bloomberg

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Last year, luxury fashion giant Michael Kors Holdings Ltd. laid out a turnaround plan for investors that called for a wide array of changes. It would release fewer designs, pull back from promotions, renovate its stores and transform its business to rely less on the handbag category.

The company’s latest earnings report is validation that the strategy is working.