The demand for leather tote bags has surged by a staggering 300% in the last month, according to Libby Page, the market director at Net-a-Porter. This shift towards larger, utilitarian-style bags is reflecting a growing trend towards practicality and versatility in fashion.
The rise of affordable totes like the $40 LL Bean is also contributing to this trend. While some are questioning whether high-ticket luxury items will maintain their popularity, Fflur Roberts, head of luxury goods at Euromonitor International, believes that luxury totes serve a practical purpose and are seen as aspirational products. This makes them appealing for those with hybrid lifestyles who need a versatile bag that can be used every day for work and more.
Gabriel Rylka, founder of Break Archive, a luxury fashion resale platform, has also 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 and beyond.
Totes have historically been associated with low-ticket cotton items for gym use or shopping trips. However, the rise of luxury versions raises questions about their place in the market. Will they continue to be viewed as accessories or will they become more widely accepted as functional everyday bags?