As department stores gear up for the holiday shopping frenzy that unofficially gets under way this week, behind the scenes they have been locked in a battle with some big-name suppliers over rampant discounting.
More brands, including Michael Kors Holdings Ltd., Coach Inc. and Levi Strauss & Co., want to be excluded from storewide promotions such as “Friends & Family” sales. Their goal is to gain control of their pricing, even if it means shrinking sales.. . . more