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CUT DOWN TO SIZE The manager at the Chanel boutique on Madison Avenue, when asked for handbags with logos on them, glanced around the shop for the first time in decades almost totally bare of big initials and swung open a floor to ceiling mirrored cabinet. There, hidden from the customers who did not ask for them, were row upon row of purses emblazoned with CCs at least 6 inches tall. "Logos are a little soft this year," he explained. Gucci. Fendi. Ferragamo. Chanel. Prada. Throughout the 1990's, designers kept turning up the volume on their initials, putting their company logos the CCs of Chanel, the G's of Gucci, the much imitated LVs of Louis Vuitton on a mind boggling array of new products: belts, ties, wallets, golf shirts, tennis shoes and mink lined fedoras. Now the logos have become scarce. The row of shop windows along the Gold Coast of Madison Avenue, from 60th to 80th streets, is a logo free zone. There is not a single initial on the leather shoes and b