The biggest news of Fashion Month broke yesterday at the Louis Vuitton show in Paris: Marc Jacobs has stepped down as creative director of the label to focus on taking his namesake company public. In the 16 years that Jacobs has led the house, he's shown memorable, thought-provoking collections that kept editors and buyers looking forward to his offerings each season. The fashion may have been stellar, but when it comes to handbags and accessories—the thing that keeps Louis Vuitton in business—many consumers seem to be increasingly dissatisfied.