Stuck-at-home Americans are nowadays way more interested in buying toilet paper and hand soap than handbags and evening gowns. That’s forcing luxury retailers, like Neiman Marcus Group Inc. and Nordstrom Inc., to resort to a tactic they rarely use: discounts.
Neiman Marcus has Tom Ford glasses, which usually sell for about $400, at 50% off on its website. Customers can snag a Derek Lam stripe shirtdress from Saks Fifth Avenue for $237 -- 40% off the usual price. Nordstrom is offering a Salvatore Ferragamo slide sandal for $225, down from $375.