I hope someone else can chime in on this. Was she talking about normal leather, like togo, or something like chèvre or an exotic?
Any information on 2015 price increase?
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I've been enjoying reading this thread and just came across this article which I thought relates to some of the factors discussed earlier on economics.
http://www.businessoffashion.com/2015/02/hermes-says-growth-may-slow-2015.html
p/s: Mods, kindly move this as you see fit if this isn't the right thread to share this. Thanks!
Thanks for this. This article confirms what many of us have already speculated. A multitude of macroeconomic factors are contributing to slower growth and raising prices to what some think is a tipping point won't help as well.
Picked up my SO last year, along with two B35s and the SO was NOT substantially different in price at all. Maybe I mis-read your post but I personally will not buy an SO if it is priced 40% higher than a normal B/K.
Thanks for chiming in Vigee! Maybe the SO policies are different between countries? Regardless, I think my dream of an SO is now out the window. That pushes an SO birkin over the $20k mark, which is beyond comprehension to me.
This is good news! I thought I remembered that even Chèvre was only a few hundred dollars difference, so a 40% premium was beyond fathomable. Of course, by the time a SO arrives, it may be 40% greater than when it was ordered!
I would double check with your SA on this. I don't see how it could be that great a difference from one country to the next. Fingers crossed she will have good news for you!
You always make the best points. The very sought-after exotics aside, I see my friends who used to buy croc without thinking too much looking for limited edition basic leather bags lately and they are not even Russian. I feel honestly that croc bags being abundant doesn't do anything for their prestige, not to even mention the price increase. Do we know what the % increase is on exotics?
This is good news! I thought I remembered that even Chèvre was only a few hundred dollars difference, so a 40% premium was beyond fathomable. Of course, by the time a SO arrives, it may be 40% greater than when it was ordered!
I would double check with your SA on this. I don't see how it could be that great a difference from one country to the next. Fingers crossed she will have good news for you!
MsHermesAU, definitely check the SO price with your SA/SM, as a 40% increase is absolutely CRAZY. Please let us know the result of confirming the SO price.
I am totally curious and will think about this before placing another SO.
Monceau, my SO was chèvre and it probably was a few hundred more than a regular B/K, you are correct.
I was on the phone with my FSH SA yesterday and he mainly talked about the huge impact on their business from the VIP Mainland Chinese and Russian customers. Hermes is most definitely feeling the financial hits from those VIP customers, at least in the flagship boutique.
Interestingly my SA mentioned that some of his Indian VIP customers are picking up the exotics being turned down by the Russian & Chinese VIP customers. This seems consistent with current financial and economic trends in these respective countries. (As an aside, there is not one single person I know who is doing business with Russian companies that isn't seriously worried about their long term prospects in that country.)
My FSH SA didn't once mention my (pending) SO's so I doubt that the pricing strategy for SO's would be changed so drastically. I suppose he would have mentioned it yesterday so maybe either the policy hasn't been finalized or it will be implemented at the boutique level.
Price increase for exotics in Hermes France has been estimated by my SA to be about 9-12% which is a similar benchmark to the previous 3-5 years so the increase is not surprising, and definitely not as significant as some of the US numbers I'm seeing on this thread.
What country are you located?
Yeah that's just crazy
It's already crazy, $20k for a non exotic is beyond...
Interesting. Where I live and travel I see no slow down with either demographic.
Well you live in a very interesting place where Russians & Mainland Chinese consumers don't seem at all to be hit by any economic downturn, where Hermes bags on the window display can be bought by any customer and Susan Casden's custom bags are kind all over the boutique
I hope you're not insinuating I'm lying or fabricating such things.Well you live in a very interesting place where Russians & Mainland Chinese consumers don't seem at all to be hit by any economic downturn, where Hermes bags on the window display can be bought by any customer and Susan Casden's custom bags are kind all over the boutique
Yes where I live in the US, the Russians that I know and see haven't slowed down their shopping of high end goods much. When I heard that Apple stopped selling iphone 6, I freaked out and rang up my near and dear. They reassured me that its not so.
I honestly expected a slow down for the asians as well as I believed the recent recession was global. Imagine my surprise when I was witnessing the contrary here and abroad.
There was so much wealth and extravagance I actually thought the mighty US dollar became weaker as my exchange rate was horrid. Mind you I was visiting major cities/capitals overseas so maybe that might have been a factor. Idk.
The Hermes that is in my town always sells everything in their window. Thats why I was honestly astonished to learn not all stores followed the same suit. But then again we dont display himalayans on our windows.
And yes I did see Susan bags overseas on the floor for anyone to get. I don't know what to tell you there.
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^ It was actually when you mentioned on this thread that there are Kellys of all sizes, for sale, every single day in your boutique and these Kellys NEVER move that made me pause and think - wow where exactly is this store and why are the activities in your boutique and city so different from what others experience in the various countries.
My interest was further piqued when you said in your circle of wealthy Russian friends (the 2%, as I believe you described them) there has been no discernible impact of the recent economic crisis. Again, as many of us have either seen, read, observed or even heard directly from Hermes, this is contrary to what is happening.
When a (seemingly) consistent trend is bucked and someone shares that on this forum, that "unique" perspective or experience tends to stand out and be remembered (or it does for me anyway) hence my genuine curiosity of why things are seemingly so different (Hermes-wise and demographics-wise) where you are.
My interest was further piqued when you said in your circle of wealthy Russian friends (the 2%, as I believe you described them) there has been no discernible impact of the recent economic crisis. Again, as many of us have either seen, read, observed or even heard directly from Hermes, this is contrary to what is happening.
When a (seemingly) consistent trend is bucked and someone shares that on this forum, that "unique" perspective or experience tends to stand out and be remembered (or it does for me anyway) hence my genuine curiosity of why things are seemingly so different (Hermes-wise and demographics-wise) where you are.
Yes Kelly's are found in my store. I don't remember saying everyday which would be a bit odd as I don't frequent it that often. But whenever I do go, yes they do have Kelly's onhand. It could be cuz Im an old patron or a local. Who knows. I also don't recall saying it's available in every single size but I have seen them in several sizes. I do believe someone else said something to the effect of "oh it must be nice to have it available in every size or another". I didn't respond to that statement for obvious reasons.
I addressed the Russian statement earlier as I was genuinely concerned for their well being. They are my friends and family so yes if I hear economic doomsday on the radio, I have cause for concern. They reassured me it's not as bad as it seems.
I honestly don't know what to tell you. I hate lying. I don't care to be lied to and I follow by the "treat others as you would like to be treated".
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