Christian Louboutin shoes from Red sexy secrets

With even the biggest spenders starting to scrimp

, luxury companies from Chanel S.A. to Versace SpA, Christian Louboutin and Chloe are reversing the industry's maxim that luxury prices only move up. The cuts range from 8% to 10% on most products sold in the U.S.

Christian Louboutin shoes from Red sexy secrets

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