Word: handbagged
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There was a time when fashion designers could make or break their career on a sexy silhouette or an unusual use of color and fabric. Now most fashion careers are subject to the whims of handbag consumers. With huge margins and high visibility, bags like Chloé's Paddington and Vuitton's Murakami can add hundreds of thousands of dollars to the bottom line, or a nice $300 million in the case of the Murakami. So luxury kings like Bernard Arnault, owner of mega-brand Louis Vuitton, fret over the star power of each one they produce...
What makes a handbag hot, in some cases even before it hits the store shelves? It could be Lindsay Lohan's endorsement or a placement in a big box-office movie. And a handbag can become an instant best seller because of one quirky design detail, like last season's Fendi Spy bag with its weird dangling closure...
What is the most that you have ever spent on yourself or somebody else on ... Handbag Pair of shoes Jewelry Never purchased 22% 3% 3% $100 or less 22% 26% 13% $101 to $300 26% 51% 13% $301 to $500 14% 12% 8% $501 to $750 6% 5% 7% $751 to $1,000 5% 1% 8% $1,001 to $1,999 3% 1% 8% $2,000 or more...
Together the two brothers have built Tod's S.p.A. into a global luxury group with $450 million in annual sales that includes Tod's, the high-end leather-goods company; Roger Vivier, the legendary Parisian shoe brand; Hogan, a sporty sneaker and handbag brand; and Fay, a casual weekend clothing line. Four years ago, the Della Valles bought the Fiorentina soccer team, a move that has made them famous in a whole new arena?especially among young boys. It helps that the team, which was at the bottom of the league when they bought it, has since risen...
...WILL WE SHOP OFF-LINE? You'll start thinking, Do I want to buy a classic handbag or an "It" bag in a trendy color? There's not a big difference in cost, but the classic bag has residual value. Also, you're going to shop more frequently because you're going to be able to move in and out of goods for the same price. At least one large department-store chain is considering reselling customers' clothes on eBay in exchange for store credit. Imagine buying a new handbag that comes with a card that says, "When...