Maybe try Kohl's? They always have the watered down designer stuff like "Simply Vera Vera Wang" and it's always 40% off. You can shop online.
Handbags - Women's Wallets, Purses & Bags at Kohls.com
Also, Vera Bradley just discontinued a bunch of styles so the old ones are all 25-40% off
verabradley.com - Vera Bradley - Home I see TONS of kids carrying those. I worked at a middle school and the girls had D&B, Coach, VB, and a ton of others I would never recognize anyway. Other girls carried $10 bags from Kohls that were just as cute and a lot less devastating when left on the bus