This year, the fashion industry has been through a lot. Its supply was disrupted with the outbreak of a pandemic. It also witnessed a boom in sales due to advanced technology and rising online shopping. And in these evolving and profitable landscapes, designer handbags are one of the most obvious ways to diversify your investments. The customization has reached the next level. Our bag design software online is certainly worth taking a look at as it offers robust business solutions to your brands to scale-up their businesses and provides a one-of-a-kind shopping experience for your customers. Its customization feature along with digital preview characteristics make it an irresistible software for attaining all your online business goals.
Bags Designing Software Enabling Brands to thrive on Demand for Designer Bags
According to Art Market Research (AMR), bags, especially the designer ones, are now outperforming art, classic cars, and rare whiskies in terms of investment potential. From the likes of Hermès, Chanel, and Louis Vuitton, some bags have even experienced a valuation spike of an average of 83% in the last ten years. While people invest for different reasons, those with collateral to burn often buy designer handbags for a fairly fast return on investment. The harder a bag is to buy—whether that’s because it is part of a limited release or simply more expensive than its patented peers—the more coveted it becomes. Let us consider the case of luxury fashion resale brand Cudoni, which has secured multi-million-pound investment from Andrew Jennings, formerly Harrods, Holt Renfrew, House of Fraser, and Saks Fifth Avenue, as well as US fund, Hunt Investment Group and South African fund, Concurrence Capital. The investment came in the form of raised funds from key investors’ backing with the Daily Mail Group Ventures.
After understanding the potential handbags market holds for investors, let us also enlighten ourselves to know why this sector is gaining so much attention.
Here are a few reasons behind the spike in the sales of designer bags:
Caters to Passion of Living a Luxurious Lifestyle
Everyone wishes to lead a very successful and luxurious life, and what could be better than owning a handbag designed and conceptualized by an individual. The high-end bag brands understand these needs and feed on them. Thus, gaining huge interest from stakeholders and other significant players of the fashion market. The example of Hermes will help you understand this concept better. As its bags’ production is incredibly limited, with years-long waiting lists, collectors are often willing to pay two-to-three times over a bag’s retail price as soon as it hits the resale market. And besides, some people are deeply passionate about their handbags and their collection. This section helps manufacturers and retailers to entice them easily and can be quickly amassed into the millions, and refuse to sell them once they’re in their possession.