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However, as our lifestyles have shifted, so too have our handbag tastes. The awkwardly bulky, top-handle work bags so prevalent pre-pandemic have been ousted by smaller, more versatile options that facilitate a lighter existence. Giana Ballard, 29, who owns a New York photography studio, recently splurged on a canvas Balenciaga bag with a long shoulder strap. Before the pandemic, she used different travel duffel bags for day and night, work and play. Now she wears her roughly 8-inch-tall bucket bag (which fits her iPhone, camera, lipstick and a crucial can of pamplemousse LaCroix) for morning walks, afternoon errands and outdoor dinners. Once she needs to carry heftier cargo like, say, a laptop, again, Ms. Ballard plans to team her modest new pal with a roomier tote.

Curt Myers, a Boston public-affairs consultant and erstwhile traveler, has bought three bags during the pandemic—a leather duffel and two backpacks. Mr. Myers, 28, admitted that he “never really looked at bags” before, but with a surfeit of time and a new, social distancing-inspired love of hiking, he sought pieces that fused style and utility. His usual habit of searching for cities to visit was irrational, he said. “The alternative was to buy that symbolized travel.”