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Why Are Luxury Handbags So Expensive? The Reason For High Prices

In most cases, if you really want to increase a fashion company’s revenue or expand its cultural footprint, you want to be selling handbags.

<div class="paragraphs"><p>Michael Kors bags on display at a store in New York City.&nbsp; (Photographer: Michael M. Santiago/Getty Images)</p></div>
Michael Kors bags on display at a store in New York City.  (Photographer: Michael M. Santiago/Getty Images)
Much depends on handbags. Although it’s possible to run a business built on beautifully tailored trousers or sumptuous sweaters, the potential market for high-end handbags reaches far beyond designer brands’ traditional wealthy customers and into virtually every tax bracket. In most cases, if you really want to increase a fashion company’s revenue or expand its cultural footprint, you want to be selling handbags.Some things about the...
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