Michael Kors, With Surging Sales, Is Ready to Go After MenBy
There’s been a lot of talk lately about the new wealth effect—that is, the wealthiest consumers are spending freely again, boosting the fortunes of companies that cater to them and leaving others to struggle. If you want proof, take a look at luxury lifestyle company Michael Kors Holdings. It reported results for the holiday season on Feb. 4 with barely contained excitement.
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