[ad_1]
Libby Page, Net-a-Porter’s market director, said the site has seen a 300 per cent increase in searches for leather tote bags in the last month, reflecting an overall shift in appetite for practical style bags in XL sizes. It is said that it represents that No wonder the tote bag market is expected to reach a value of $3.6 billion by 2030, according to Data Bridge Market Research.
But can these big-ticket items maintain their staying power as more affordable totes, like the acclaimed $40 LL Bean, take over the trend?
“In a post-corona world, as we follow hybrid lifestyles that move from office to home to gym, we need bags that can incorporate everything, but many people also want bags that are functional. They want a bag that’s unique and aspirational. Luxury tote bags serve that purpose and tick all the boxes,” says Fleur Roberts, head of luxury goods at market research firm Euromonitor International. .
“People want to spend their money on things that are practical and usable,” agrees Gabriel Lilka, founder of luxury fashion resale platform Break Archive, who is currently seeing requests to source larger totes. He added that he is noticing an increase in slowness. “For the past two years, I’ve been overstimulated by all the microtrends exploding on social media, so I want to put my comfort and practicality first. What could be better than a big bag? One that you can put your whole life into, one that you can take with you everywhere, and one that you can use every day to work.”
Tote as a walking signboard
Tote bags have historically been perceived as inexpensive cotton products used as gym or shopping bags. So what should we think about the deluxe edition?
[ad_2]
Source link
