A carrying bag suited for transporting hairstyling products. The carrying bag comprises a housing having a base, sidewalls, a rear wall, an open front, and an open upper end. A flap attached to the base is removably securable over the front and upper portions so as to enclose the interior volume of the housing. The housing may further include one or more handles or shoulder straps. An interior wall extends between opposing sidewalls and defines a front compartment and a rear compartment, wherein the rear compartment can be further subdivided into smaller compartments in which hairstyling products can be stored. The front compartment further includes a power strip having an electrical plug for securement to an electrical outlet and one or more sockets for connection to electrical hairstyling products.