31 Oct '16, 2pm

Luxury handbag retailers scaling back assortments to revive demand

Luxury accessories retailers are trimming back their assortments in an effort to differentiate their merchandise and avoid heavy discounts this holiday season, Bloomberg reports . The number of new handbags launched at upscale department store Nordstrom last quarter dropped 23% and slipped 3% at Bloomingdale’s, in contrast to a boost at Nordstrom of 5% and an increase of 11% at Bloomingdale’s last year, according to information from fashion data-analytics firm Edited cited by Bloomberg. High-end retailer Barneys, meanwhile, had 41% fewer new handbag lines last quarter, after boosting its assortment by 46% a year ago. Struggles by Coach (which had damaged its brand and its sales with heavy promotions and a focus at its outlet stores) and by Michael Kors (which is widely seen as over-saturating the market with too many stores and department store sales) have recently fueled ...

Full article: http://www.retaildive.com/news/luxury-handbag-retailers-s...

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via @luxury

via @luxury

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