Sad News: Steve & Barry Screaming Bankrupt...

What does that mean for our coveted Bitten line by SJP?  Companies like Sears are looking at buying the company...so we shall see what happens...it is interesting, in the WWD article about this, the company states that customers can't deal with prices going up to fix the bankruptcy problem because they are trying to deal with gas prices going up...so, why is it that Gucci, Chanel, LV and many other designer labels aren't fixing prices or dropping down?  I have a pair of Chanel sunglasses that I bought about 4 years ago for about $175 and now they cost more than $250...what gives?  The economy is not getting better?  Many say it is because the rich aren't affected and even if they are, they are keeping up image by still purchasing high end items without even looking at the price tag...I guess sometimes image is everything for people.

More on the matter from NY Post.