Accessories are always the side dish, the salad(to those who take salad as the side dish, at least.
Thanks to deader-than-dead economy, shop-til-you-drop is really no longer an option.
Okay, imagine this. You're some rich socialite with a chihuahua and you're doing your monthly shopping spree at Saks Fifth Avenue. Or Barneys. Take your pick. It used to be weekly, but you had to cut back because you could no longer afford that luxury. Just that thought brought a tear to your eye, which you wiped away with a slightly-chipped Essie-painted nail. Your personal shopper Paola(or Eva, whatevah) holds up a Balenciaga bag in her left hand and a Christopher Kane dress in the other, telling you that they are both "must-haves" this fall. You put your finger onto your lip, thinking. Wear that dress once and it goes to the back of your closet. That bag? At least you can carry it a couple of times before retiring it. Bingo.
The logic of the moment is simple: it's much more worth it to invest into accessories, something that you can wear several times, than a piece of designer clothing that you probably won't wear more than once. At least, that's the logic for people who's regularly buying designer clothing/accessories/etc. To be honest, I'm not all too worry unless "accessories week" or something starts popping up. Fashion is not just going to die. Sales might drop for a bit, or a lot, and some brands might go out of business, but that's as worse as it gets. Designers are not simply going to wake up one morning and stop designing clothes. You see, the thing is that accessories can't exist without clothes. They are inspired by it. Just let the accessories department have their fun until the recession is over.