Greedy designer brands are forced to slash prices of most popular purses after bid to alienate middle class shoppers in favor of ultra-rich tanked profits
Luxury brands are quietly slashing the prices of designer handbags after getting ideas above their station. Brands including Burberry and Yves Saint Laurent have spent years ramping up the cost of their sought-after accessories in a bid to improve their cachet. But Burberry has lopped 22 percent off the cost of its medium-sized Knight handbag, and YSL has cut the cost of its Loulou bag by 10 percent after discovering they had squeezed out the customers who keep them in business.
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