In case you needed to find a reason to justify an upcoming weekend shopping spree, I have some good news: buying something fancy will make you happy, and in the longterm, it may actually even be cheaper than therapy. (Ok, I made up that last part.) (But it might be! The math depends on what kind of insurance deductible you have. So, you know, take it up with the fine folks of Blue Cross.) (more…)

Handbags occupy a unique place in fashion; they sit at the crossroads of art and commerce, and if brands want to succeed, their livelihoods often bends on how good they are at getting consumers to buy their bags, which have a much wider potential market than designer clothing. As it turns out, one of the best ways for designers to manipulate a customer into doing just that is to snub them in stores, according to some forthcoming consumer research from the University of British Columbia. Maybe that’s why service is so rude. (more…)

Fashion is an industry of rarity, but the news late last week from Mulberry may be the rarest thing we’ve seen in recent memory. On the heels of former CEO Bruno Guillon’s exit, the company has announced it will return to a price structure similar to the one it used before he took the helm of the brand two years ago. In real-world terms, that means one very important thing to bag lovers: Mulberry’s bags are about to become significantly less expensive. (more…)

This year, footwear virtuoso Giuseppe Zanotti marks 20 years of his eponymous brand, and he’s doing so in highly glamorous fashion. To commemorate the occasion, the company has released Jewel, the first of four anniversary capsule collections, this one featuring Zanotti’s popular flat sandals reimagined in gold with glittering details. These shoes will arrive in a selection of Zanotti’s flagship stores in June, and we were lucky to have the opportunity to ask Giuseppe himself a few questions about his illustrious history as one of the shoe biz’s biggest names. (more…)

Despite changes at Louis Vuitton in every area from creative director to accessories strategy, it looks like one thing is staying constant, at least for now: Michelle Williams will be the face of Louis Vuitton’s accessories campaign for another season. (more…)

Late last week, word broken that more than $100,000 worth of clothing, shoes, handbags and accessories had been swiped from Saint Laurent’s Chicago boutique in a brazen smash-and-grab robbery in the middle of the night, and now we’ve received an interesting note from a tipster: a Saint Laurent Crocodile Sac de Jour Bag, priced at over $29,000, was among the loot missing from the store when the cops arrived. (more…)

If your interest in designer handbags has sprung up any time in the past ten to 15 years, then you’ve heard the tales of “factory extras.” They’re not fakes, according to the people who would like to convince you to part with your money. No, they’d never sell you fake bags! (more…)

It’s been a turbulent year for handbag favorite Mulberry. First, creative director Emma Hill left at the end of last summer, amid rumors that she and management weren’t exactly getting along. Now, word broke late last week that CEO Bruno Guillon has up and quit, ending his short run with the brand, which Reuters characterized as “turblent.” What happens from here? (more…)

What’s that you say? The world’s most expensive and exclusive handbags have the most expensive luxury retail address on Madison Avenue at which to rest their rarified haunches in anticipation of being scooped up by the world’s elite? Preposterous.

Ok, so it’s not exactly shocking that the Hermes flagship boutique at the corner of Madison Avenue and 62nd Street, smack in the middle of Manhattan’s toniest retail district, pays the most rent per square foot of space on the famed avenue. What’s shocking is the number: over $1,700 per square foot for a space in excess of 30,000 square feet. (more…)

The rumors have finally been confirmed: Nicolas Ghesquiere, formerly of Balenciaga, will replace Marc Jacobs as the creative head behind Louis Vuitton’s women’s division, according to an announcement made by the brand on its official Twitter account this morning. Women’s Wear Daily reports that the first collection in Ghesquiere’s tenure at Vuitton will be the Fall 2014 show in March. (more…)

Follow Closely