Trends

LVMH fashion and leather fell 2% in Q1 2026, alongside an 8% drop at Gucci and a below-consensus result at Hermès. Vogue Business identifies three structural shifts: price fatigue, China normalisation, and Middle East tourism disruption.

Vogue’s spring 2026 handbag report maps eight key directions: archival revivals, petite pouches, slouchy silhouettes, bowling bags, lady bags, mesh structures, chain accents, and Y2K callbacks. Cobalt blue dominates colour.