The Canadian handbag market is undergoing a rapid growth.
With the average price of a Canadian handbags reaching $5,000, there are now more than 10 million Canadian consumers on the market.
And the top brands are finding ways to attract new customers.
For instance, the top sellers include Lululemon Athletica, Zara, and Zara Canada.
“We see it as a natural extension of the fashion movement and a natural growth of the industry,” said Robyn Williams, head of retail for Lululescent Canada, the company that manages the brand’s supply chain.
“Our customers really want to buy from the brand, and we think that’s really important.”
Some brands are targeting the millennial demographic, which has become more active online.
A recent survey by Kantar Worldpanel found that half of millennials are looking for handbags that will keep their money safe and their clothes on point, and a third are looking to get a handbag with a stylish, classic design.
The most popular handbags to buy are from the top manufacturers such as Lulululeme and Puma.
The best handbag for you, your family and your business This article is part of CBC’s brand loyalty program.