Capri Holdings (NYSE: CPRI), which owns Versace, Jimmy Choo, and Michael Kors, reported record adjusted earnings per share in the second quarter of its fiscal 2023. Moreover, the company held firm to its full-year adjusted earnings target of $6.85 per share despite the headwinds of inflation and the possibility of economic weakness thanks to rising interest rates and geopolitical tensions. High-end retailers are generally expected to hold up well during economic downturns, because the wealthy customers to whom they cater can usually maintain their spending habits even in tough times.