Yesterday, Lauren covered the trendlet of accessible luxury brands performing well both in stores and on Wall Street. To wit: Coach raised handbag prices and still sold more bags, and Ralph Lauren’s revenue was up 12 percent despite an average 18 percent price hike across SKUs. “Coach and Ralph Lauren have done a remarkable job at re-elevating their brands in recent years, and deserve much credit for their ability to take prices well above peers in this tariff world,” Guggenheim managing director Simeon Siegel told me. “However, it is also fair to believe they have been allowed to raise prices specifically because of the price vacuum created by the meaningful price hikes across luxury in the post-pandemic years.”