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Announced plans to move part of its production from china to relatively cheaper destinations like india and vietnam and is trying hard to drive more sales in order to offset declining margins. [1] reduced the average handbag price by about 10% to induce demand during the economic downturn. the company is expanding its presence in emerging markets like china, which has seen double digit growth where the company expects its china sales to rise to $500 million by the of 2014.

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