Can record-breaking designer handbags save the luxury fashion industry?
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telegraph.co.ukRunway Report yesterday that its average unit value for new handbags is up 67% this season compared to last autumn. The luxury e-tailer’s average sale price for handbags is now $1,560 (£1,180) compared to $900 (£680) at the same time last year. “At first it was surprising,” says Lisa Aiken, Buying and Fashion Director at Moda Operandi. “We saw this uptick in designer handbags early summer and I thought, ‘Where is she wearing this handbag, to the grocery store?’ And the answer is yes.
Consumers are spending more on higher investment pieces they’ll wear - and be seen in - every day.”The report reveals that the trend toward easygoing wardrobing (silk tracksuits and cashmere jumpers) is being complemented by luxury consumers’ continued desire.
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