February 5, 2026

The 'It Bag' Economy vs. Structural Shifts

The contrast between Tapestry's success with the Coach Tabby and the broader luxury slowdown illustrates a bifurcation in the market. While heritage luxury consolidates (evidenced by the Versace leadership change), accessible luxury items that achieve viral status are insulating specific conglomerates from macroeconomic headwinds. Simultaneously, the friction between AI advancements and stock performance suggests the 'efficiency' narrative is being stress-tested by Wall Street.

The Ledger

Corporate / Financial

The Street

Culture / Consumer

The Lab

Innovation / Tech