The retailer, which offers luxury handbags, clothing and accessories, debuted on the New York Stock Exchange in December 2011. Its shares have more than tripled since that time, thanks to strong demand for its goods.

But the stock is declining this week, with Oliver Chen of Citi Investment Research noticing some slowing sales growth.

In a client note, Chen said that Kors’ sales rose about 15.2 percent in April and approximately 13.7 percent in May. The analyst anticipates that Easter and Moth...

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