It is too late to lower prices as brands rebalance their offerings

Brands are now rebalancing their offerings and price structures. From ultra-luxury to premium brands, many are rethinking their pricing strategies. Some brands are trying to win back aspirational consumers by introducing new entry-level products. Others are lowering prices (but is it really feasible?). Here is an overview of the moves by Delvaux, Prada, Versace, Michael…