By  on July 26, 2010

For more than a decade, ‘It’ handbags, towering heels, luxe baubles and small leather goods dominated the retail scene — and warmed the hearts of women, brands and stores across America.

But like most other fashion sectors, accessories’ runaway success came to a screeching halt in 2008 when the economy took a dramatic hit. Consumers stopped digging into their crocodile pocketbooks and spending at retail, and merchants and vendors, faced with decreased demand and excess inventory levels, started slashing their prices and eradicating margins.

 

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