Michael Daddino

Coach Is Already Doing Better By Raising Purse Prices

Accessory companies haven’t been doing so well for the last few years, especially brands that are pricey but not too pricey, like Coach, Michael Kors, and Kate Spade. A few years ago, Coach decided to pursue wealthier customers and sell higher-priced bags, and that strategy is apparently paying off. [More]

Coach Responds To Falling Profits By Offering Pricier Handbags

Coach Responds To Falling Profits By Offering Pricier Handbags

There’s a limited number of women who are interested in spending between $200 and $400 for a purse, and that market is becoming more crowded. What’s a company like Coach to do in the face of falling sales and falling profits? Sell more expensive bags targeted at more affluent customers, of course. [More]

If A Lucky Brand Product Is Defective, You're Pretty Much On Your Own

If A Lucky Brand Product Is Defective, You're Pretty Much On Your Own

Lisa writes that she purchased a neat Lucky Brand patchwork bag from Macy’s just about a year ago, and the bag has fallen apart long before its time. The list price is just above $150, so one would expect it to hold up for more than a few months. While the manufacturer admits that the self-destructing purse isn’t up to their usual standards, they offer no warranty or repair service to customers.

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