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Coach to Discount Products at Stores in Break With Tradition

Coach Inc., the largest U.S. luxury handbag maker, will begin discounting purses at its North American full-price stores, breaking from tradition to combat sluggish sales and mounting competition.

Coach will offer goods on sale twice a year -- in June and January -- said Andrea Resnick, a company spokeswoman. New York-based Coach had been one of the few fashion and luxury industry companies that refused to discount goods in its domestic stores.