NEW YORK — Conspicuous consumption is off-limits these days — even Michael Kors’s pampered ladies are mindful of the bottom line. So, while the designer still wrapped them in luxury for fall — cashmere, fur — the look is a bit more low-key. Sporty styles for the ski slopes, in fact, were a major theme. Here, his fur-lined parka and leather-trimmed mini, both in cotton canvas, and a ribbed cashmere turtleneck.

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