FINANCIAL NEWS Archives

As Global Luxury Slumps, Middle East Piles On

More troubling news for the luxury market- this time from oil rich countries like in the Middle East like UAE, Saudia Arabia, and Qatar.

Are Millennials Less Concerned About Handbag Brand Names?

What do millennials truly value when purchasing a handbag? Let’s talk about the recent shift in taste among younger consumers.

Bloomberg Talks Birkins

Bloomberg Advantage interviews Jeffrey Berk of Prive Porter (largest reseller of new Hermes bags) on the business of selling Hermes Birkin

Luxury 2016: The Year of the Struggle

2016 is going to be another challenging year for the luxury market. Read about the issues causing the downfall in our latest financial feature.

Luxury Market Expected to Bottom Out This Year

Why does luxury spending expect to hit all time lows this year?

New Record Set for Most Expensive Birkin Sold

Reporting Hermes News!

Chanel Increases Prices In the UK

Chanel increases prices in the UK exactly one year after the move to globalize. Does this mean the U.S. is next in line for an increase?

Hermes Reports Lowest Growth in Six Years

The Bear Market for Bags

The Bear Market for Bags – Handbag sales and profits are on the decline. Read why in PurseBop’s latest financial article.

Internet Causes Brand Fatigue for Handbag Companies

The consumer consensus seems to be “enough is enough”. See how the internet and social media has caused brand fatigue and weak sales for handbag companies.

Gold, S&P 500, or Hermes Birkin?

The Hermes Birkin may just be your best investment. See why the Birkin bag continues to hold value and power in the luxury market in PurseBop’s latest financial news.

Hermes Increases Prices in Europe

As a leading authority on luxury news, PurseBop reports new price changes and financial implications as Hermes increase prices in Europe for this year.

Bears, Bugs and Karlito: Trinkets are NO Laughing Matter

Branded bag charms and trinkets account for nearly 6 billion dollars of the luxury handbag game. Let’s explore WHY “accessories for your accessories” is changing the face of branded luxury.

The Luxury Market After the Paris Attacks?

Luxury shopping is a huge part of the Paris economy. After the terrible attacks in Paris, how has the luxury market been affected? Read the consequences.

Hermes Stands Strong in a Declining Luxury Economy

A detailed look at Hermes strategy in a waining luxury economy. Hermes CEO Axel Dumas speaks out.

Luxury Market Expects Weakest Year Since Lehman Crash

2015 is forecasted to be the luxury market’s weakest year since the Lehman Crash – see why in PurseBop’s latest financial feature!

Why Western Luxury Retailers Should Still be Looking East

Japan on the rise to be the number one destination for Chinese

Birkin Case Closed

After a PETA investigation at a crocodile farm in Texas, Jane Birkin

Hermes Still Confident Despite Chinese Economic Downturn

Hermes CEO Axel Dumas speaks out in light of the Asian economic shift.

China Woes Weigh Heavy on Luxury Market

China’s economic decline spells trouble for luxury retailers like Hermes, Chanel and Prada. Luxury brands have come to rely on Chinese shoppers, now what?

Fendi Brings E-Commerce to the US!

Up until this point, you've only been able to find your favorite

Hermes Gives Money Back!

Hermes adjusts prices – I got my credit!

Hermes Reduces Accessory Prices in US

NEWS: Hermes decreases prices, YES… You read it right, DECREASES!

Vintage Trend on the Rise in China

New and flashy isn’t always better… a close look at Vintage Luxury.

Most Expensive Hermès Birkin Sold at Christie’s

Birkin Bag or Dream Home???

Axel Dumas Outlines Hermes Long Term Strategy

Hermes CEO Axel Dumas explains in a BBC interview exactly how they will remain loyal to their elite customer.

How to Stretch your Handbag Dollars in Paris

Wanna buy an extra bag in Paris? With the current currency situation, now you can!

The Next Trend: Men with Bags

Breaking News: Men are taking the lead in the luxury handbag market… in 2014 alone, sales of men’s luxury bags rose 47% in the US, and 7.1% worldwide.