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Hot Issue: Apparel Retailing

1/24/08
Women Wear Their Wealth on Their Arms

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High tickets apparently indicate high fashion, at least where bags are concerned among the mega-rich on both sides of the Atlantic. Whether or not the fad has reached its peak, this season's must-haves include a couple of bags that are ordered at select parties attended only by invitation. What do you think is driving the trend toward ultra-expensive handbags? Do aspirational purchases represent a bigger opportunity for retailers today than the past?

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