Apparently ridiculously expensive luxury items perform well in a recession
(NEWSER) - The solution to America's endless economic woes is apparently the Olsen twins' $39,000 backpack. In a Women's Wear Daily interview from last week just getting some attention , Ashley explains why she and her sister thought extreme luxury might sell: "During our last economic crisis in the US, the only thing that went up was Hermès." And their plan worked: The alligator backpack, part of The Row handbag collection, "was the first thing that sold off the shelf," Ashley says. Gawker has a picture, and snarks that it is "made exclusively from the skin of the mysterious fourth Olsen sister, who lives in a cage in their basement." More»
