Luxury Bags are Out, Manbags and Shoes are In!

There was a time when we would not think twice before spending more than $1,000 for a Chanel or a Hermes Kelly bag.

While the bags are still desirable and attractive to most of us, many of us lack the means to buy them after the recession. Thus, the luxury bag market has been overtaken by luxury shoes market, for it is being seen as more “forgivable” to buy a Manolo Blahnik shoes for $500 than a bag for more than $1,000. Moreover, many more men have begun to invest in bags that are stylish but functional. The manbags by Mulberry are good examples for this growing trend.

You could choose between Mulberry’s the 895-pound Piccadilly chocolate natural leather tote or the 495- pound ($750) East West oak natural leather messenger bag. You could also find Barney’s own-label men’s satchels, purses and messenger bags from spring 2011 and the manbag market is going to grow by a cool 23% in the market through 2013. Likewise, the luxury shoes market would grow by 20% against the stagnant 16% growth of luxury handbags for women.

Via: Business Week

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