The demand for tote bags has increased by a staggering 300% in the last month, according to Libby Page, market director at Net-a-Porter. This shift towards more XL, utilitarian-style bags represents a new trend in the fashion industry.
As luxury totes become more popular, affordable options like the $40 LL Bean are also gaining traction. Fflur Roberts, head of luxury goods at Euromonitor International, believes that luxury totes serve a practical purpose and are also seen as aspirational products. This makes them appealing for those with hybrid lifestyles who need a versatile bag to carry everything.
Gabriel Rylka, founder of Break Archive, a luxury fashion resale platform, has noticed an increase in demand for larger tote bags. He emphasizes the desire for practicality and utility over micro-trends seen on social media. Many individuals are seeking a bag that can hold their entire life and be used every day for work.
The rise of luxury versions raises questions about their place in the market. Will they be able to maintain their popularity as affordable options continue to gain traction? Or will consumers opt for more practical and affordable options instead? Only time will tell what the future holds for this popular accessory.