Michael Kors (KORS) Sees Mid-Day Pressure

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UPDATE: Michael Kors (KORS) Pressured as Checks Indicate Heavy Discounting

December 27, 2012 2:12 PM EST

(Updated - December 27, 2012 2:49 PM EST)

Michael Kors Holdings (NYSE: KORS) shares are rebounding after sliding over 5.5 percent mid-day on comments from Citigroup.

Analyst Oliver Chen said checks pointed to discounts on Michael Kors handbags equal or greater to those seen in the... More