The recent semi-annual update to Bain’s Luxury Goods Worldwide Market Study predicts a continuance in the luxury industry’s downturn. Honestly, I’d be surprised to hear that anyone expected otherwise.
Although the study showed a 15-20% decline in the first two quarters of this year, there is hope for the rest of 2009. They expect the decline to slow down for the next two quarters resulting in a total decline of 10% for the year.
The market study looks at more than overall totals, though. An in-depth look shows a trend of consumers spending less on their purchases and shopping more carefully. The upper echelon of shoppers seems to be choosing quality over trendy “it” items. On the other side of the coin, the lower end of luxury consumers is considering less expensive designer brands.
Thankfully, many of the top designers already offer their own more affordable lines for the lower tier of luxury shoppers. If Prada is your usual handbag of choice but now seems out of your budget’s range, the brand’s sister line Miu Miu offers different but less expensive options. Michael by Michael Kors pleases the designer’s fans without pushing the $1,000 mark.
Whether you find yourself lucky enough to be in one of these luxury shopping tiers or not, the good news is that there’s a handbag for any price these days without having to sacrifice style. You need only to check out Jessica Simpson’s line to see that.
[Source: Luxist]
[Image: kristinamay/Flickr]
Prada Handbags on eBay
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Katie Holmes might have been
I like cheap brands that do it well. It’s a personal thing; I just find it so rare that labels release a mass-produced bag that looks darn good. I find I don’t care if everyone I see is using it, I just care that it didn’t, for once, break the bank.
The Bulga Butterfly Hobo combines confidence and originality in a luxuriously relaxed fashion.

If you’ve ever eyed off
It’s a great idea to have a colorful summer all-purpose bag in your arsenal that features a wide range of colors you often wear. I have a very summery striped bag with a mix of primary and pastel colors that match tons of items in my wardrobe. I’m always relieved to find it in my closet at the start of the season when I’ve yet to buy any new accessories. If you choose a bag with at least four colors you often gravitate towards in your clothing, it will be worth its weight in chunky gold hardware.
This Zaftique handbag embraces the hobo’s bohemian roots with its fun rhinestone accented design.