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Luxury brands launch half-price sales

Consumer demand, Economic growth
By Paul Hodges on 21-Jul-2009
Pucci bag.jpg

A year ago, the blog brought news that July’s Paris fashion sales were seeing prices reduced by 70% on shoes, bags and dresses. Today, the slowing global economy is apparently leading to even more bargains.

According to the Financial Times, “desperate times are forcing the likes of Armani, Dolce & Gabbana, and Jimmy Choo to launch half-price sales”. An Armani leather jacket is now “only” £1250 (€1500, $2000). Burberry clutch bags are “just” £500 (€600, $800). Smythson, Donna Karan, Ralph Lauren and Radley are all offering discounts of up to 50%.

There is even a secret French website, www.vente-privee.com offering up to 70% off luxury brands in one-off sales. No doubt my fellow blogger, Barbara, is already a member. (photo: purse.com)