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Clothing and Footwear Spend May be Down, But Consumers are Dishing Out for Designer Accessories

The designer logo backpack is on its way to becoming the status bag of 2018. Despite overall declines in the $19 billion fashion accessories industry, data from The NPD Group indicates that consumers are investing in bags and small personal accessories that deliver functionality, luxury—or both. The spoils of items like smart watches and phones…

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