By  on May 29, 2013

NEW YORK — Michael Kors Holdings Ltd. is keeping its foot on the accelerator.

The accessories and apparel brand said Wednesday it would open up to 50 stores in North America alone in the current fiscal year, as well as more units in Europe and the Far East, as the company seeks to maintain the momentum it has seen over the last few years. Kors shares picked up 3.2 percent on a down day on Wall Street following the firm’s fourth-quarter earnings report. The company said profits more than doubled from a year ago, driven by new store growth.

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