The History of the Handbag Industry

A handbag is more than a small leather pouch with a handle; it is a fashion statement and a symbol of femininity. Women carry them to work, to shopping and even to the beach. They can contain their most personal possessions and men find it mysterious what goes in them. Unlike the flimsy mesh reticule or decorative coin purse sealed with a string, handbags snap shut. The 20th century was a renaissance for the handbag, with designers offering bags in various sizes and styles.

Like the apparel and leather industries, the handbag industry is a multi-product business, manufacturing other products such as luggage and clothing in addition to purses. This helps to keep production costs down and also gives the company a greater distribution reach.

As the economy improved and consumers became affluent, specialty retail grew. This sparked interest in boutique stores and helped to spur the growth of the handbag industry.

In the United States, handbag and purse manufacturers experienced high production costs, causing them to move to overseas markets in search of cheaper labor and materials. This caused a major shakeout in the handbag industry, and fewer companies existed in 2002 than in 1997.

When purchasing a handbag, it is important to examine the quality and craftsmanship of the product. It should be constructed with sturdy leather and the hardware should be well made. The stitching should be equidistant and even, and the bag should not have any loose threads that could come undone easily. It is a good idea to also check the interior of the handbag, as well as the corners of the bag. These areas are susceptible to wear and tear, so it is best to purchase a high quality bag that will last for years.