Luxury goods maker Coach announced today it’s splurging. It has agreed to buy rival company Kate Spade for $2.4 billion. Coach has already acquired high-end shoe designer Stuart Weitzman, and with the Kate Spade purchase, it seems it’s on a mission to create a stable of luxury brands. Click the audio player above to hear […]

High-end brands can't get a handle on post-recession sales.

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Trend toward renting designer gowns picks up steam. Next up: Rental work clothes.