Exotic skin handbags seem to have fallen out of favour according to an article in The Associated Press over the weekend. We read that alligator and crocodile farmers have reported huge reductions in demand for their reptiles, in some cases as much as 86 percent. Apparently "Gators bought Louisiana farmers and hunters $71 million in 2007, modest revenue even at that peak. This year, revenue is expected to be closer to $10 million in 2009, a drop like locals say they've never seen." It is definitely a case of ‘see you later alligator’!
This development is completely the opposite of what we reported in the MO Down for 8 June (Customers Are Still Snapping Up Hermes Croc Skin Bags), when Hermes’ CEO Patrick Thomas said they were experiencing “massive over-demand” on their exclusive crocodile skin bags. So what we take from this, is that it's not any old reptile handbag, shoe, belt, watch strap that will sell, it's about a brand having a history associated with using exotic skins.
Article by: Melinda O'Rourke
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