Free Data Graphic 2 minutesFree ReportCoresight Bites: US Handbag Retailing—Inflation To Impact Market Growth Before Normalization Coresight Research December 21, 2022 Coresight Bites provide free snapshots of Coresight Research data and findings. This graphic presents selected insights into the US handbag market. Subscribers can access the full research here. To find out how to subscribe, click here. 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. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 18: J Sainsbury Closing 25 Argos Stores in the UK This YearKeeping the Lights on—Self-Reported Financial Resilience: US Consumer Survey InsightsFashinnovation’s Worldwide Talks 8: Entrepreneurship, Sustainability and Technology To Drive Fashion in 2023Weekly US and UK Store Openings and Closures Tracker 2023, Week 52: US Store Openings Pass 5,500