Posted on 10/13/2013 2:25:22 PM PDT by nickcarraway
All is not well in the luxury world. Stalwart luxury buyers in China are cutting back, according to recent statements from Burberry and Richemont, among others. New data from research firm Euromonitor International confirms that the industry is in a bit of a slump. Global luxury sales are on track to grow by 3% this year, the slowest rate in four years.
Euromonitor reckons that growth will pick up next year, though, driven by its strongest segment in recent years: accessories, specifically men’s accessories. The luxury goods industry has been “manning up” of late, says Fflur Roberts of Euromonitor. A host of luxury brands are opening men’s only stores, tapping a less saturated market undergoing significant shifts in tastes.
In part, the focus on men’s luxury lines reflects the push into fast-growing emerging markets, where the disparity in purchasing power between men and women is wider than in the West, Roberts says. Chinese men are famously keen luxury shoppers, for example.
But one of the hottest luxury items with global appeal is the men’s handbag—the “man bag,” “man purse,” or, simply, “murse“. Euromonitor dug into its data for Quartz to help quantify the murse’s meteoric rise.
Once a source of mockery, over the past five years men’s handbags have seen sales grow at nearly twice the rate of the overall luxury industry. The man-bag market in Asia has doubled since 2008, with murses in the Middle East growing by two-thirds over the same period. The global market for men’s luxury bags will reach just under $9 billion this year, according to Euromonitor.
Handbag-growth-forecast-2012-to-2018-Growth-2008-13-Sales-2013-bn-_chartbuilder The factors driving men’s handbag sales are also fueling luxury accessory sales more generally; accessories have been the fastest-growing luxury segment over the past five years, worth some $50 billion this year. “You might not be able to buy a Zegna coat, but you can have a Zegna bag,” says Roberts. “It’s got the brand but you are not parting with thousands and thousands. Accessories are big because they are a stepping stone into luxury.”
The propensity of men to sport flashier purses is down to changing trends. “Years ago, your average man wouldn’t be caught dead walking down the street with a Mulberry bag,” says Roberts. “It’s becoming a more accepted trend.” Indeed, in explaining its recent industry-bucking jump in sales, the boss of Longchamp noted that the brand benefited from its broader range of men’s bags as they “become part of a gentleman’s outfit.”
Euromonitor expects sales of men’s handbags to moderate in the next five years. This doesn’t mean that blokes won’t still bling it up: Luxury man-bags will continue to grow faster than women’s purses in many parts of the world.
Son announces to father that he’s ‘gay’. Father asks him if he owns certain items such as iPhone, iPad, Mac ‘puter, Volkswagen Cabriolet, and of course a man purse. The son replies that no, he doesn’t own such items. Father says: “Well then you’re not ‘gay’, you’re just an ordinary queer!”
It’s not the kind of purse. It’s the kind of man.
“Most guys here use a laptop carryall or old Soviet Army map cases”
They aren’t men they are queers!
I don’t care what the article says, they’re gay..
I don’t believe those models are real men.
Nick and all:
the man purse is actually classically known as the messenger bag.
http://en.wikipedia.org/wiki/Messenger_bag
good examples:
http://www.amazon.com/Messenger-Bags-Backpacks-Luggage-Travel/b?ie=UTF8&node=15743231
good examples:
http://www.overstock.com/Luggage-Bags/Messenger-Bags/3090/cat.html
This article represents high fashion and sissy boys modeling with bags made by high fashion fags/gay fashion thugs. Excuse the crude man language!
*snickersnickersnicker*
I carry one. It’s the perfect size for my ereader and cigarettes and other miscellaneous items when I am on the train.
I’m at the age where I don’t give a damn what people think. Some people need to grow up fast an get there, it’ll make life easier. I’d hate to be like them and stand in front of the mirror wondering if other people will call you a homo.
Chances are, if you worried about being called a homo, you’re a homo.
We call them waist packs.
What’s wrong with a backpack?
Why can’t you carry a brief case or other traditional masculine carrying case, of which there are many?
Why can’t you carry a brief case or other traditional masculine carrying case, of which there are many?
NBF
natural born f______ (fashionista,frick-frack)
insert appropriate term.
I can still laugh at it
” We prefer the word: ‘Man-Sack’.” /s
Why can`t you mind your own frickin business? What I use to CCW isn`t a damn bit of your`s so deal, OK?
But a little purse? Men's clothes have pockets for a reason.
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