U.S. Two-Percenters Save Wealth in Trade-Down to J. Crew

U.S. Two-Percenters Save Wealth in Trade-Down to J. Crew

Konrad Fiedler/Bloomberg

Accessories are displayed in the window of a Michael Kors Holdings Ltd. store at the Beverly Center mall in Los Angeles. Michael Kors in its most recent quarter posted a 41 percent comparable-store sales increase in North America, faster than the 38 percent gain a year earlier.