designer
Mon Oct 8 18:13:24 EDT 2018
Marketplace Radio has someone on with a line of designer handbags with top prices under $500. She can't see paying $1000 for a handbag because the functionality doesn't justify it.This handbag company is grappling with a new tariff reality
My name is Deepa Gandhi and I am co-founder and COO of Dagne Dover. Dagne Dover is a handbag and accessories brand.
We make a variety of products to really help a woman get from day to night. Everything is under $500. So, if you compare our mid-$200 price tags to a Coach bag for example, they would sell that probably at double. For me, I never felt a reason to buy a thousand dollar plus handbag, because I didn't feel that they were functional. I said, if I'm spending money, I want to make sure that this actually deals with my day to day. So, we started with a product that has a place for your laptop, your water bottle, a key strap so you never lose your keys.
I can't see it justifying $500, either.
I don't think I've ever paid more than $30 for a knapsack, and I think they're a lot more functional than handbags. Granted, backpacks aren't acceptable for red-carpet outings, but those aren't part of my life.
The Marketplace story was actually about tariffs.
[This entry was originally posted as https://syntonic-comma.dreamwidth.org/1020209.html on Dreamwidth (where there are
comments).]
Marketplace Radio has someone on with a line of designer handbags with top prices under $500. She can't see paying $1000 for a handbag because the functionality doesn't justify it.This handbag company is grappling with a new tariff reality
My name is Deepa Gandhi and I am co-founder and COO of Dagne Dover. Dagne Dover is a handbag and accessories brand.
We make a variety of products to really help a woman get from day to night. Everything is under $500. So, if you compare our mid-$200 price tags to a Coach bag for example, they would sell that probably at double. For me, I never felt a reason to buy a thousand dollar plus handbag, because I didn't feel that they were functional. I said, if I'm spending money, I want to make sure that this actually deals with my day to day. So, we started with a product that has a place for your laptop, your water bottle, a key strap so you never lose your keys.
I can't see it justifying $500, either.
I don't think I've ever paid more than $30 for a knapsack, and I think they're a lot more functional than handbags. Granted, backpacks aren't acceptable for red-carpet outings, but those aren't part of my life.
The Marketplace story was actually about tariffs.
[This entry was originally posted as https://syntonic-comma.dreamwidth.org/1020209.html on Dreamwidth (where there are
comments).]