Lew Frankfort, chairman and chief executive officer of Coach Inc., said spendthrift shoppers are turning to accessories to keep their style current — a dynamic that pushed the handbag maker to a better-than-expected 13.8 percent gain in first-quarter profits.
“The handbag and accessories category is vibrant,” Frankfort told WWD. “Consumers are shifting from apparel to handbags to update their wardrobes.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"