If one thing is clear within the big fashion picture, since the early 2000s accessories are fast becoming the bread-winner for fashion collections, the way “beauty” used to be. Don’t believe us?
Needless to say, not only are accessories becoming the strongest moneymaker in the industry; accessories have recently surpassed beauty (i.e. perfume, cosmetic, skincare) in revenue, something that 20, or even 10 years ago, would have sounded like Wall Street heresy. Hey, you’re witnessing business history!
Why are accessories becoming so important? Well, to be fair, they have always been around. But now, with a much more democratic sartorial attitude and way of dressing, folks opt for different key-status projections. Once upon a time, it was overwhelmingly “the car” that served as status, but that’s old news now. With Generation Y not being too keen on driving, the car-factor got the boot! But we digress. The reality is that accessories allow the individual to make a statement about their fashion sense, their lifestyle, their affluence or their status with considerably less investment or commitment.