In Rare Move, Luxury-Goods Makers Trim Their Prices in U.S.
...prices on designer apparel, shoes and handbags in the U.S. market
With even the biggest spenders starting to scrimp, luxury companies from Chanel S.A. to Versace SpA, Christian Louboutin and Chloé are reversing the industry's maxim that luxury prices only move up. The cuts range from 8% to 10% on most products sold in the U.S
But the move...
