When it’s still this cold at the end of March, it’s impossible not to start thinking about travel to places on the globe where we can get some relief. In that sense, the Louis Vuitton The Spirit of Travel Spring 2015 campaign is perfectly timed–who wouldn’t want to look at images of models, beautiful bags in hand, frolicking in front of perfectly turquoise seas in the French West Indes?
Late last week, Women’s Wear Daily reported that Reed Krakoff would suspend operations while in pursuit of new investment to keep the line afloat. While the news itself is a surprise, it’s not shocking that something was up at Krakoff’s company; it’s the third young, well-known brand in the past several months to either partially or completely shut down.
Today is International Women’s Day, and if you’re not familiar with it, plenty of fashion brands and companies are interested in broadening your awareness. The day, which was originally founded in the early 1900s is intended raise awareness for gender inequality and celebrate female accomplishment the world over.
There’s an old saying about the only sure things in life being death and taxes, but if you’re a handbag buyer, there’s another inevitability: price increases. With brands like Chanel, Hermès and Louis Vuitton, they’re fairly easy to track; because the bags are only available from the company’s boutiques, all the new product arrives at once and sales associates warn their loyal customers in advance.
Price increases for the big brands all seem to be hitting around the same time this year, and that is not good for anyone in the market for a new bag. First we told you Hermès was upping its already steep prices in the beginning of the year, next came the rumors of the Louis Vuitton price increase, and now it’s Chanel.
Last week, I spoke with Chavie Lieber of Racked about Prada’s current profit woes, much of which are tied to the recent underperformance of the leather goods that make up roughly 40% of Prada’s business. Lieber also talked to PB contributor Pattie Rechtman, luxury shoppers and industry analysts, and we all more or less agreed: Prada needs to do something about its handbag offerings.