Affordable luxury handbags are booming

1 day ago 3

Luxury handbag prices have been rising at a significant rate over the last few years. Since 2019, luxury prices overall have risen by 52%, on average, according to the British bank HSBC. Consumers, meanwhile are flocking to more affordable options in response.

New retail and wholesale data reveals that the affordable luxury handbag category is growing at a faster rate than any other sector of the handbag market.

According to the digital wholesale marketplace Joor, the growth of the affordable luxury handbag sector is swiftly outpacing more expensive handbag categories. Affordable handbags in a casual tote silhouette, specifically, are outselling high-luxury bags, showing a clear shift over the last three years.

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