Michael Kors sues Costco for false advertising

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A sign is pictured outside a Costco Wholesale store in Los AngelesBy Bernard Vaughan NEW YORK (Reuters) – Upscale fashion accessories maker Michael Kors Holdings Ltd sued Costco Wholesale Corp on Friday, accusing the largest U.S. warehouse club retailer of running a "bait-and-switch" false advertising scheme. According to a complaint filed in Manhattan federal court, Costco has never been an authorized retailer of Michael Kors handbags, yet it has recently run advertisements nationwide falsely suggesting that the handbags are available "starting at $99. …