For many of us, the damage is done wrt poor quality and far too much dilution of the brand. It just doesn’t feel special or exclusive anymore. I was at SCP yesterday and walked past Chanel with zero interest. (Ok, I did turn my head back to check out the pretty cool black sequin flap in the display, but not enough to tempt me to stand in line for a closer look).
One thing I don’t understand is people saying they don’t want to “play the game” with Hermes. There are no games. You either love the brand or you don’t. If you’re just after a bag, then you’re buying it for the status, not the love of the bag/brand.