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US retailers' heavy discounting hurting luxury brands

Promotional sprees at department stores tarnish brands and train consumers to expect special deals
Wednesday, August 24, 2016 - 05:50
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Michael Kors is trying to retake control of the situation by ending all coupons and friends-and-family sales at department stores.

New York

AS retailers rely more heavily on promotions to drive traffic, Michael Kors Holdings Ltd and Ralph Lauren Corp have been two of the biggest victims.

The brands were among the most heavily discounted at upscale US retailers in recent months, according to Edited, a company