Eliot Cobb Likes What He Sees at eBags

Eliot Cobb, Co-Founder and Original CFO at eBags.com is happy with the current trends at the online retailer of luggage and bags. As my brother mentions (see quote below), things are starting to move in the luggage sector, and the Baggallini example is just the beginning of an upward trend. I would not be surprised to see apparel sales (including luggage and handbags) up 20% by the Holiday season.


"At online retailer eBags.com, sales of Baggallini products — which range in price from an $8.13 toiletry bag to a $134 rolling tote — are up 14 percent at a time when overall sales are flat, said Peter Cobb, the Greenwood Village, Colo., company’s co-founder and senior vice president of marketing. Baggallini’s success has come from developing products that are “an affordable luxury,” Cobb said. “It’s easy for women to convince themselves that they want this,” Cobb said. “If it’s a $500 Coach purse, these days those are the sales that are easy to say, ‘I’m going to hold off.’” source: Portland Business Journal