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Shares of Michael Kors (KORS +14.6%) surge as the luxury retailer remains the envy of peers with...

Shares of Michael Kors (KORS +14.6%) surge as the luxury retailer remains the envy of peers with its winning recipe of boosting same-store sales. Execs in a CC (transcript) indicate that the firm's "shop-in-shops" concept performed even better than expected and say it will use a "measured" approach to a similar rollout of its jewelry business in H2. Another KORS read-through: Strong sales of watches bodes well for Fossil (FOSL).
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