Shares of Michael Kors Fall Due to High Markdown Inventory, According to Analyst

In a report published Sunday, Wedbush analyst Gabriella Santaniello commented on the "Retail Detail," specifically noting the high markdown inventory of Michael Kors (NYSE: KORS ). Santaniello reported that slower-than-expected mall traffic resulted in higher-than-expected markdown inventory. The analyst commented, "While the depth of markdown is in line with last