From "Holiday Report Card: A Key Week Lies Ahead In Lackluster Season," WWD http://www.wwd.com/issue/article/121120?page=4 "Coach has endured a rough season with its stock price slipping and some surreptitious marking down. Certain products have been retagged at lower prices without advertising the changes, as a strategy to maintain a full-price posture. "It's kind of a secret. They don't want to look like they're not selling bags by putting them on sale, so we retag the items," said one employee, who requested anonymity. The source said most of the markdowns were between 25 and 30 percent. According to a company statement: "Coach did reprice a few of our handbags styles — which are to be discontinued after holiday — in order to be consistent across channels. We have taken selective corporate price changes from time to time in the past.""