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Before Michael Kors Chairman and CEO John Idol spoke to an audience of more than 300 last discOUNT ClEAranCE oNliNE night, a table piled high DISCoUnt CleARaNcE oNlIne with Michael Kors gift bags was the star of the show. The first 200 students at Penn Fashion Week’s keynote event DiscoUnt cleaRANce oNline received free Michael Kors gift bags. Over discount clearance online 50 students had swarmed the hallway outside Huntsman Hall’s G06 auditorium by 4:30 p.m., 90 minutes before doors officially opened at 6 p.m. But focus quickly discount clearance online shifted to the DiscOUnT cLEaRANcE onliNE man behind the gift bags as Idol, the CEO, stepped up to the podium. “I’m here to tell you a little story about how this company became so successful,” Idol began. “Maybe I’ll even convince you to forget about finance and the discount clearance online Wall Street world, and get you to enter the fashion industry,” he joked. Idol pointed to a timeline of company’s history, emphasizing that, when they acquired the Michael Kors business in 2003, he and his partners Lawrence Stroll and Silas Chou had a vision that they would turn it into a $1 billion firm. Eight years later in December 2011, they completed the largest retail IPO in US history and had brought the company to a $1.2 billion value. Michael Kors’ future lay in a unique brand positioning that evokes the image of a so-called “jet set luxury,” Idol discount clearance online said. “In our business, you have to control your own image, and being both luxurious and accessible is important to us,” he said. Future fashion retail executives and aspiring CEOs alike had valuable advice to take from this event. “Stay focused and keep that entrepreneurial spirit,” Id

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