Pricing Power: This Is Kate Spade’s Hottest Bag…and It Costs $500

Consumers are digging deeper into their wallets to pay for diapers, handbags and streaming services

One of Kate Spade’s most popular styles is a handbag that looks like a sheepdog. Photo: kate spade new york

There’s a new status symbol in corporate America: the ability to keep raising prices. 

Companies continue to jack up prices on a range of goods from diapers to handbags—and some are even bragging about it to investors as a sign of brand strength. In some cases, the increases more than cover the hit from higher raw material, labor and other costs, fattening profit margins.

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