Speaking of luxury handbags: If you enjoy trolling the mall for discounts on your favorite high-end brands, this may not be the best year to find them. Coach recently announced plans to reduce its presence at department stores, while Michael Kors says it will start opting out of coupon and discount offers at stores like Macy’s and Nordstrom. Both companies have complained that frequent price cuts are “confusing” for customers, who ultimately become less willing to pay full price for luxury goods. Stay tuned to see how this no-discount strategy plays out over the holidays.
