New York—Shoes and handbags–which most women say they just can’t get enough of–were very much in the news this week.
In a lawsuit against wholesale club giant Costco, Michael Kors Holdings charged the retailer with using “bait and switch” tactics in a Mother’s Day ad for $99 designer handbags. Another well known designer seeing red? Christian Louboutin revealed he had settled a lawsuit with Charles Jourdan Footwear over a supposed trademark infringement of Louboutin’s signature red-soled shoes.
On the heels of Queen Elizabeth’s 60th Coronation Festival, her handbag supplier says the 87-year-old monarch still commands fashion clout of her own (so there Kate!).
Speaking of clout in footwear, The NPD Group, Inc. says that Hispanic women represent a burgeoning opportunity for shoe sales, especially if a retailer tweaks assortments to styles this growing population loves.
(Don’t forget too, we’re still accepting for your nominations for Accessories’ 2014 Merchants Hall of Fame. For those of who already sent in your nomination, thank you!