Handbags
topic on 3 shows · 4 statements across 4 episodes
Acquired 
Masters of Scale 
How I Built This
4 statements about Handbags, every show
Luxury handbag profits are typically 10 to 12 times their production cost.
“For most luxury brands, the profit is between 10 and 12 times the cost to make them. At Louis Vuitton, it's something like 13 times”
Sneakers, handbags, and watches drive aftermarket hype rather than apparel drops
“You very rarely see a line around the block for the latest drop of a hoodie or a piece of apparel. When you think about what's sold on the aftermarket, it's really sneakers, handbags, and watches.”
Sizing makes apparel much more expensive to manage than accessories
“Well, the thing we have to remember about apparel versus a handbag, handbags don't have a size. In clothing, invariably, and we all know when we go shopping, if you wear a size 34 jean, and somehow you go to the store and they've got a hundred pairs of jeans, …”