If you're the type of shopper who lives for a good discount, you might want to listen up. As The Washington Post reports, two major brands, Michael Kors and Coach, have announced that they are cutting back on department store inventory and promotions in order to "put pricing and messaging control back in their own hands" and offer a more exclusive experience to customers.
The Washington Post explained exactly what the new changes will entail: "Each company announced a bold move this week that they hope will help them get their aura of exclusivity back," the newspaper wrote. "Coach said it plans to pull its products out of more than 250 department stores, a move that reduces its presence in such locations by 25 percent."
Michael Kors has a similar new strategy. The Washington Post says that the brand is scaling back its inventory in department stores and beginning in February, wants to be "excluded from storewide promotions and coupons." So if you've had your eye on a discount Michael Kors bag, now is probably the right time to pull the trigger.