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<p>[QUOTE=&quot;reader, post: 1753015, member: 255&quot;]First thing is to remember-it’s SA<b>K</b>S FIFTH AVENUE.</p><p><br /></p><p>You have a “vintage” Saks Fifth Avenue Italy basket weave leather tote market bag. It has a leather wrapped barrel toggle closure. Yes, it is machine stitched.You can says it’s a Saks private label.</p><p><br /></p><p>Retailers are pretty much trapped by set suggested retail prices on name brands so companies with big buying power will go directly to the factories (in this case a handbag factory) and buy a large quantity of a specific piece which is the slightly altered (closure detail, etc) to make it exclusively available for the retailer (in this instance Saks). Since the exact item then doesn’t exist in the market, Saks can take a longer margin(markup) on the item since they also bought it for less as it was discounted for a quantity buy. The risk to the retailer is that they have to pay upfront without any terms and since it was “private” labeled the item can’t be resold to anyone else. The retailer then “owns” it even if it doesn’t retail or there’s a problem unless there’s a major problem...like the handle falls off immediately.</p><p><br /></p><p>It’s a nice bag but it’s such a generic shape that I can’t date it but my gut guess with that tag and stamping would be 80s/90s.[/QUOTE]</p><p><br /></p>

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