It is very interesting, specifically the discussion of price points.... Enjoy !!
http://www.businessweek.com/magazine/content/08_14/b4078057208129.htm
http://www.businessweek.com/magazine/content/08_14/b4078057208129.htm
Of course Coach's sales at full-price stores fell- they're being cannabalized by all the outlets they're opening! And I honestly don't envision people "trading down" to Coach from European designers, but rather them just buying fewer things.