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Learn moreAug 2020
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The onset of the COVID-19 pandemic has resulted in significant sales declines for bags and luggage retailers and brands, which can be attributed to the discretionary nature of the fashion and accessories industries. Many brands and retailers have been negatively impacted by store closures and travel restrictions due to quarantine measures as well as the decline in consumer spending.
Luxury handbags was being very negatively affected in 2020 as a result of the COVID-19 pandemic, which forced retailers to close their stores and caused tourism to come to an abrupt and damaging halt for luxury brands and retailers. Luxury handbags benefited in 2019 from the increasing polarisation of bags and luggage, which continued to push consumers towards higher-priced, higher-quality, exclusive goods, squeezing the sales share of mid-range brands.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Bags and Luggage industry in United Kingdom with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Bags and Luggage industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
The Bags and Luggage in United Kingdom market research report includes:
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Why buy this report?
This industry report originates from Passport, our Bags and Luggage market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.