January 07, 2013 at 18:10 PM EST
Michael Kors Leads The Way For Thriving Luxury Market
Shopping for a $2,200 dress? Maybe not, but as Michael Kors' successful IPO showed, investors would be wise not to discount the growth of luxury retailing. Michael Kors (KORS) was one of the top performing IPOs in recent years, and several analysts contend investors are eagerly anticipating New York designer Tory Burch to follow suit and take her fashion house public. Even Gap (GPS) is moving into the high-end retail market with its purchase last
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