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Coresight Bites: US Handbag Retailing—Inflation To Impact Market Growth Before Normalization

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Coresight Bites provide free snapshots of Coresight Research data and findings.

 This graphic presents selected insights into the US handbag market.

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  • Following a substantial pandemic-led decline in 2020, the US handbag market recovered strongly in 2021, with total sales exceeding pre-pandemic levels.
  • Price rises have driven growth in consumer spending on handbags in 2022.
  • We expect that economic pressures including the impacts of inflation overall will see unit volumes down year over year in 2023—resulting in a low-single-digit percentage decline in the market’s value.

Click the image below to read our full report on US handbag retailing, which explores market drivers, the competitive landscape and themes we are watching in the market.