It's more about the bottom line and not about handbags. Economists reading the luxury market's figures (usually incorrectly) and designers doing what they're told by their business managers and parent companies.
The last CD's (Frida's) remit was phase out most GG-print canvas and 'entry level' items (called 'commercial pieces' by
Gucci) and take Gucci to a new higher (quality) level. Unfortunately that didn't seem to work financially (perhaps bad timing with China's new laws prohibiting expensive corporate gifts etc) and Gucci's growth contracted further so Kering sacked her (and CEO partner). Instead they went the other way, to appeal to a more visible, younger crowd where obviously (Gucci think) quality and stealth status features (e.g. micro-fibre lining replacing real leather and suede, whip-snake instead of python, snake-print leather coat rather than real snake) don't matter so much, longevity included. The visible and social media savvy crowd has proved notoriously fickle in the past so expect a change of direction in another couple of years. As we see from TPF again and again, it's often younger people who demand very high quality and favour classic styles and colours.
See past the sequins, bright colours and graffiti you'll see Gucci still produce fantastic quality and beautiful pieces. Past the 'crazy' pieces there are also classic versions in wearable colours. I'm find AM's shoes
so much more wearable than FG's, already bought some fine jewellery that I hardly take off, and like some of the less whistles and bells RTW and 'bits' (loving the big hats this season). Even though I haven't bought a bag attributed to AM (although let's not forget he was head of accessories under FG

) I do like some of the designs and can wait 'till the right combo comes along.