Can Michael Kors' Earnings Buck Falling Luxury Trend?
Luxury brands have been falling and department stores have been warning, so all eyes will be on Michael Kors (KORS) when it reports second-quarter earnings on Tuesday. Analysts are expecting earnings of 40 cents per share and sales of $519.3 million in the company's first Q2 since going public last December. The company has reported double- or triple-digit EPS and earnings gains since its debut. Kors has been one of the biggest IPO successes of