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...40% is like standard retail employee discount. Unless you work at H&M (20%)
Coach is a reasonable buy on markdown; I believe the employee discount is 40%. Some people look down their noses at Coach (it's not the most cuting-edge or prestigious brand), but the hand on most of their leathers is nice and the quality is generally excellent.
That vachetta leather messenger is definitely dyed. It won't be as vulnerable as natural vachetta, though I wouldn't be surprised if those brown colors had a propensity to pick up marks and stains. To be clear, this won't "ruin" the bag, but if you're hard on things consider passing on this material, or at least getting it in black. I'm sure Coach offers thicker, more heavily treated leathers, but they won't have the same feel.
another thing I noticed particularly from marc jacobs collection bags is the leather quality is different from a decade ago yet the price has even went up. this new men's bag from Marc Jacobs spring 2012 collection is nice but is it worth the price at around $1500? If you are a die hard MJ fan who knows the history and heritage of the brand, then yes. If you are not familiar with MJ and who doesn't? you might have to think it twice.
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The bigger problem with a $1,500 Marc Jacobs bag is that the brand's cachet is already threadbare. Between the $5 tchotkes, underwhelming bridge line, and always-70%-off main line, the brand has little to offer against trendier competitors.
. Problem is, there's never a theme, and the line doens't create or even really follow trends; no editor or online blogger is going to swoon about MJ the way they do about Givenchy or Rick Owens.