- The handbag market in Hong Kong is so strong that money lenders are using high-end handbags as collateral for loans.
- In the U.S., the emerging demand for used high-end handbags has helped boost sales for pawn shop operators such as Cash America (CSH +0.6%) and EZCORP (EZPW -0.2%).
- What to watch: The global luxury handbag market is ruled by Prada, Coach (COH -0.1%), Hermes (HESAF.PK), Louis Vuitton (LVMHF.PK), and powerhouse Michael Kors (KORS +0.5%). After surprising in H1, back-half projections could be harder to match.
From Hong Kong to corner pawn shops, high-end handbag demand is strong
Aug 13 2013, 12:38 ET