Excerpt from Business Insider
By Mallory Schlossberg
American department stores are in trouble.
Both Macy's and Nordstrom reported sales declines in their most recent quarters. Many analysts expect more bad news when the companies report earnings this month.
But one category that has been suffering amid department stores' struggles is the designer handbag, which has long been a status symbol for American women.
Key handbag brands — like Michael Kors, Coach, and Kate Spade — have been hurting recently as consumers shop . . .