Michael Kors Russian Distributor Seeks to Stave Off Sales Drop

MOSCOW, Russia - BNS Group, the Russian distributor for Michael Kors Holdings Ltd. and PVH Corp.'s Calvin Klein, is seeking to limit price growth to keep same-store sales level this year as the economy slides into recession. The weak ruble will push up prices and may buoy revenue in the Russian currency even if consumers buy fewer items of imported apparel, according to BNS Chief Executive Officer Denis Bogatyrev. The ruble has continued its slide this year after plummeting 46 percent last year ...