NEW YORK, NY - JULY 25:  A Michael Kors store stands in lower Manhattan on July 25, 2017 in New York City. Michael Kors Holdings announced on Tuesday that it had agreed to buy the shoe company Jimmy Choo for 896 million pounds, or about $1.2 billion. As retail sales across the country continue to weaken, many companies are starting to search for new sources of growth, especially in more luxury brand markets.  (Photo by Spencer Platt/Getty Images)