cheap Michael Kors Perforated Large Orange Satchels

Searching for cheap Michael Kors Perforated Large Orange Satchels (the source of modern energy).Find the perfect pair that is the combition of fashion and elegant.FREE shipping,no-tax for every order,just come on,everybody! rgin dollars were up slightly for the quarter although the margin rate declined. Total gross margin increased to $165.2 million cheap Michael Kors Jet Set Travel Large Black Satchels from $164.4 million last year. Gross margin rate declined to 43.8% from 45% from the fourth quarter last year. Most of this decline was driven by higher markdowns as cheap Michael Kors Sequins Large Blue Satchels inventories were high relative to sales in the quarter and we had to take more aggressive action on a weaker men's business. The cost of our Friends Loyalty Program launched in the fall of 2006 was a lesser but still significant factor in the margin decline. Operating income for the fourth quarter declined to $47.5 million from $52.1 million in the prior year fourth quarter driven by higher SG costs and lower licensing and shipping revenues. The increase in SG costs underscores the importance of one of our five key initiatives our cost reduction initiative. As we said in our last call, we know that our overhead costs are too high and as however discussed in a minute, we've taken action to cut cheap Michael Kors Sequins Large Red Satchels $25 to $30 million out of the operating cost structure of the business in 2008. As we move forward, the tighter cost and inventory management disciplines we are putting in place will allow us cheap Michael Kors Grayson Logo Large Silver Satchels to flow more of our gains in sales through to the bottom line. For cheap Michael Kors Grayson Logo Large Purple Satchels fiscal 2007, total revenues were $1044.4 tags: Louis Vuitton outlet online store Christian Louboutin outlet online mk outlet factory Michael Kors online cheap Michael Kors Mirror Metallic Logo Small Red Crossbody Bags Louis Vuitton Bagatelle PM Black Shoulder Bags M40232 outlet cheap Ray Ban Tech RB8301 Sunglasses Brown Frame Brown Polar Louis Vuitton Speedy Bandouliere 25 Brown Totes M40761 outlet Christian Louboutin Delico 100mm Peep Toe Pumps Jade outlet ray ban cheap sunglasses christian louboutin authentic outlet cheap michael kors outlet online