Capri Holdings Limited (CPRI) shares are up 3.27% to $20.34 as of 2:00 pm on Friday, compared to its previous close of $19.70 on November 21st. The stock's rise comes amid a broader discussion in the luxury sector about pricing strategies, as highlighted in recent industry analyses. Capri Holdings, which owns brands like Michael Kors, has been adjusting its pricing strategy in response to a slowdown in demand attributed to rapid price inflation. The company has acknowledged that it elevated price points too quickly over the past two years, which led to a need for deeper promotions to drive sales. This strategic shift, aimed at making its products more accessible to aspirational luxury consumers, may be contributing to the positive market sentiment around the stock.