Things Might Finally Be Turning Around for Michael Kors

It wasn't long ago that Michael Kors was announcing more than 100 store closures amid sinking sales — just over a year — but things have been looking up for the American luxury brand since then. On Wednesday, the company, which also owns Jimmy Choo, reported its earnings for the first quarter of fiscal 2019; and while there wasn't a dramatic lift, comparable store sales did return to positive growth in the Americas, and traffic is even looking up in department stores — just two years after the brand announced it was reducing its presence in them.