the luxury market’s decline starts today

from ’99 to ’08, designers’ shoes went up from 200 bucks a pair to us $1000, and that (forget about the real thing) just gets you some fake croc embossed leather. coincidently, the tech bubble of late 90s were replaced by the fault prosperity fueled by the inflated real estate prices and the financial trickeries. but the party is over. so are the bulk customers for the $3000 leather bags.

fashion is about reflecting its time. and luxury brands are missing it.

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