This ivy-adorned old forge in West Cork is on the market for €225,000
This ivy-adorned old forge in West Cork is on the market for €225,000

Sarah Finnan

This Victorian Dublin 8 home with a garden room is on the market for €950,000
This Victorian Dublin 8 home with a garden room is on the market for €950,000

Megan Burns

A fun, family-friendly festival is coming to Wicklow this summer
A fun, family-friendly festival is coming to Wicklow this summer

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Coleen Rooney and Rebekah Vardy: Could it all boil down to a pound of flesh?
Coleen Rooney and Rebekah Vardy: Could it all boil down to a pound of flesh?

Sarah Finnan

PODCAST: Melanie Morris & Sinead McSweeney: Episode 9
PODCAST: Melanie Morris & Sinead McSweeney: Episode 9

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Five of the very best outdoor food experiences coming up across Ireland
Five of the very best outdoor food experiences coming up across Ireland

Sarah Gill

5 lesser-known romantic getaways around Ireland that will get your heart racing
5 lesser-known romantic getaways around Ireland that will get your heart racing

Sarah Gill

Bedroom in need of a refresh? Gorgeous bedsheets are the easy update that will look good all year round
Bedroom in need of a refresh? Gorgeous bedsheets are the easy update that will look...

Megan Burns

Monthlies: The customisable Irish period subscription box helping you ‘own your flow’
Monthlies: The customisable Irish period subscription box helping you ‘own your flow’

Sarah Finnan

The finest female-owned businesses selling corsets fit for a princess
The finest female-owned businesses selling corsets fit for a princess

Sarah Gill

Image / Fashion

Are Luxury Handbags About To Become Cheaper?


By Jeanne Sutton
28th Jan 2016
Are Luxury Handbags About To Become Cheaper?

Last week we talked about how buying a Birkin bag is actually a shrewd financial investment. This week we’re here to tell you the good news that some market analysts are of the belief we’re about to witness a drop in the price of luxury handbags. Get ready to eye that rainy days savings account with dreams of luxe leather clouding your vision.

In a Quartz article entitled ?The handbug bubble has popped?, reporter Chase Purdy notes that Coach has cut the price of its bags and that this is an indication of where the market is heading. Purdy draws parallels between Coach’s moves and developments in the houses of Michael Kors and Kate Spade. All are mid-level luxury brands who have spent the past few years using social media and traditional advertising to secure a foothold in a competitive and overcrowded market. All aren’t faring as well as they hoped and increasing their promotional activity, that’s industry talk for sales prices.

Last quarter, Coach’s North America sales decreased 7% to $731 million. While the company is improving year on year in some aspects – the company bought profitable shoe company Stuart Weitzman last year -?Coach’s gross margin has been in decline since 2013, a far cry from the company’s mid-noughties heyday. Michael Kors, Kate Spade and Tory Burch are going through a similar cycle, with Purdy writing last week about the intensity and growth in department store markdowns.

If you’ve been thinking of buying a grown up girl’s handbag, this year might be the exactly right time.