31 Oct '16, 2pm

Now the luxury handbag industry is facing up to a new normal

Now the luxury handbag industry is facing up to a new normal

The handbag industry, rocked by slowing department-store traffic and a shift away from purses by millennials, has a new mantra this holiday season: Do more with less. Luxury retailers such as Nordstrom Inc., Bloomingdale’s and Barneys New York are introducing far fewer styles of handbags this year as the critical Christmas season approaches. And the pressure on the industry has fueled speculation that companies like Coach Inc. and Michael Kors Holdings Ltd. should find merger partners rather than fight it out alone. Retailers are increasingly opting to differentiate themselves from competitors by introducing fewer new lines rather than swamping shoppers with too many choices, said Katie Smith, senior fashion analyst at Edited, a data-analytics company for the fashion industry. “Reducing the number of products, making sure they are choosing their products really smartly, ca...

Full article: http://www.bloomberg.com/news/articles/2016-10-31/handbag...

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bloomberg.com 31 Oct '16, 9am

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informationexclusives.com 31 Oct '16, 1pm

The handbag industry, rocked by slowing department-store traffic and a shift away from purses by millennials, has a new ma...

Handbag Sellers Slashing Their Lineups as Luxur...

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