Luxury Handbag Sales Declining

. Tuesday, January 8, 2008
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The uber-rich can handle the continued economic changes and still afford that beautiful Hermes bag but those of us who are scrimping to get our hands on a Kenneth Cole or BCBG bag for a pretty penny will be hit the hardest.
Even though the handbag scene is still expected to post a 4% gain this year, that is half the increase from 2006.
Handbags from Coach to Jimmy Choo are seeing a drop in purse purchases with an over-saturated market , and the struggling retail world is to blame.
Gas continues to goes up, Christmas bills have piled up, and the housing market is anything but up.
guess that means a lot of us may be downsizing our accessory budgets for 2008.