NPD Group: Fashion Accessories Biz on the Rise

Fashion accessories sales were up 17 percent in first quarter (January to March), up from 2009's 10 percent decline for the same period, according to The NPD Group's Consumer Tracking Service.The retail information service reported that sales of women's a

April 6, 2018

Fashion accessories sales were up 17 percent in first quarter (January to March), up from 2009's 10 percent decline for the same period, according to The NPD Group's Consumer Tracking Service.

The retail information service reported that sales of women's accessories alone were up 20 percent during Q1, driven by a surge in handbag sales. In addition, small leather goods for men and women posted a 9 percent increase, contributed by purchases of wallets, mobile phone cases and wristlets.

"Overall accessories still have a way to go to show that they are firmly in recovery mode," says Marshal Cohen, chief industry analyst at The NPD Group. "However there are some significant indications that consumers are selectively reaching back into the fashion accessories business to begin their return to spending."

Subscribe and receive the latest news from the industry.

Join 62,000+ members. Yes, it’s completely free.