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January 07, 2008
Luxury Handbag Sales To Slow
The luxury handbag market has slowed, partly due to “aspirational shoppers” feeling short on cash. Aspirational shoppers are defined as middle class consumers who occasionally splash out on luxury goods.
Accessories Magazine predicts that growth in handbag sales will slow to 4% this year, down from the 8% growth rate recorded for 2006.
Posted by Blacks on January 7, 2008 10:04 AM
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