In a tough environment for IPOs, Michael Kors (KORS +2.1%) is working out well so far, with...

|About: Michael Kors Holdings (KORS)|By:, SA News Editor

In a tough environment for IPOs, Michael Kors (KORS +2.1%) is working out well so far, with shares ~7% above its elevated $25 open price. Upscale retail has been a strong sector, and Briefing.com sees "compelling growth potential" with a lot of room to expand its retail business, and growth rates superior to close peers RL and COH.