How does the price increase work?

sarachryan · Aug 21st, 2008, 10:24 AM

I tried on a lindy bag in my local store about 2 months ago. I know that they still have that bag in stock. So with the new price increase if I were to go and buy it today would the price have increased? I can't remember exactly what it cost when I looked at it the last time

mooks · Aug 21st, 2008, 10:26 AM

I don't think there was an exact percentage increase as some items went up by 6% and others 10%

MattNY · Aug 21st, 2008, 10:37 AM

Quote:

Originally Posted by sarachryan

I tried on a lindy bag in my local store about 2 months ago. I know that they still have that bag in stock. So with the new price increase if I were to go and buy it today would the price have increased? I can't remember exactly what it cost when I looked at it the last time

My understanding is that the price will have increased. I don't think Hermes keeps the old prices on existing stock and only apply the price increase to new stock.

lilyhermes · Aug 21st, 2008, 11:00 AM

Quote:

Originally Posted by MattNY

My understanding is that the price will have increased. I don't think Hermes keeps the old prices on existing stock and only apply the price increase to new stock.

Matt is definitely right. The stores re-tag existing stock with new tags listing the new and increased price. I was told that leather goods increased by 8% a couple of weeks ago, but there seem to be varying reports on the exact amount.

kipp · Aug 21st, 2008, 11:02 AM

Quote:

Originally Posted by MattNY

My understanding is that the price will have increased. I don't think Hermes keeps the old prices on existing stock and only apply the price increase to new stock.

MattNY is almost certainly correct---if you live in the US (or one of the locations where the prices went up)--the new price will be in the computer and that is what you will pay.

kipp · Aug 21st, 2008, 11:04 AM

Sorry, lilyhermes, we must have posted at almost the same time! I didn't intend to repeat what you said!

Aug 21st, 2008, 10:24 AM	#1
sarachryan Member	How does the price increase work? I tried on a lindy bag in my local store about 2 months ago. I know that they still have that bag in stock. So with the new price increase if I were to go and buy it today would the price have increased? I can't remember exactly what it cost when I looked at it the last time

Aug 21st, 2008, 10:26 AM	#2
mooks Cool Britannia! Location: On The Thames	I don't think there was an exact percentage increase as some items went up by 6% and others 10% __________________

Aug 21st, 2008, 11:04 AM	#6
kipp Member Location: land of 10,000 lakes and NY	Sorry, lilyhermes, we must have posted at almost the same time! I didn't intend to repeat what you said!