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China, the world's fastest developing market for luxury goods, is expected to reduce or scrap taxes on imported high-end products to boost domestic consumption, state media reported earlier this week.

A new tax system for luxury products is to be introduced by October 1, the 21st Century Business Herald said -- the beginning of a week-long holiday for National Day and a shopping frenzy for Chinese consumers.

China's steep luxury taxes -- which are as high as 60% -- have for years sent well-heeled shoppers swarming to Hong Kong and Europe for goods such as Louis Vuitton handbags and Rolex watches to avoid the hefty tariffs.

The finance ministry's revamped system will reduce and sometimes remove taxes for products such as watches, clothes, shoes, suitcases, cosmetics, perfumes and milk natural powder, the newspaper said, citing unnamed sources. 

Kate Spade New York is coming to the Country Club Plaza.

The retailer will require a 1,490-square-foot space at 321 Nichols Road for a Sept. 22 opening. Its shops sell items including handbags, clothing, jewelry, shoes, stationery, eyewear and hosiery.

The brand began when Kansas City-born designer Kate Brosnahan developed a sleek handbag that became a phenomenon in the fashion industry.

Liz Claiborne bought the brand in 2007, and there are now 36 Kate Spade stores across the United States and more than a hundred stores overseas.

Kate Spade New York is going to be next to Michael Kors, which promises to open this fall. The two stores will be part of the former Eddie Bauer space. Eddie Bauer moved one block west to 440 Nichols Road.

New Online Eco Boutique features Handbags, Watches, Clothing, Jewelry and Accessories that can be environmentally friendly and focused on fair trade. Materials include vegan leather, hemp, organic cotton, recycled inner tubes and tires, PET plastics, resourced woods and fabrics, and bamboo.

The online boutique is a collection of sophisticated and earth friendly fashion lines produced from innovative materials by people paid a fair wage for their labor.The main focus of the business is to provide an easily accessible, user friendly shopping venue for the savvy shopper that wants to reduce their environmental impactand make socially responsible purchases. "We want to raise awareness of environmental and social issues, and hope to inspire people to question the impact of their choices by providing a retail outlet with a blog forum to encourage dialogue and education on these issues,¡"says Thomas LeBron, Managing Member of La Terra Bella. "We are actively seeking new local vendors in line with our core values."

Because La Terra Bella believes it is important to give back and to support the environment and our communities; it is a member of 1% for the Planet and Trees for the Future. From now until the end of September 2011, all purchases will help support Oceana; the largest international organization working solely to protect the world¡¯soceans. Also, through a partnership with Trees for the Future, La Terra Bella will plant ten  trees per each order placed in countries where they are needed most.

Is there a more beloved, cute or handy accessory for women than the handbag? Handbags have become the latest fashion must-have for women and girls of all ages. For shoppers looking to find the best and latest accessories like purses and totes, high quality and great prices are as important as what’s hot this season. They are looking for a store that delivers everything they need in one convenient stop.

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