Anyone tired of LV...

[LittleStar88]

I'm not over it, but my desire to buy very much is losing steam. The price point is no longer equal to the return on investment (usage, quality) for me.

Most of the styles are not "me" even if I do absolutely love the look of some of them. I feel like they're designing for a more youthful, fast fashion market. If I'm going to spend $$$$ on a handbag, I want to be able to use it as much as possible. I've stopped buying something simply because it's beautiful and then never use it. SLG's are more my thing now since I can have the quirky prints or colors that I love without the wardrobe upheaval.

I also feel like I can just take the $3000+ they want for a decent bag now and buy jewelry, or invest the money, or take a vacation. If that means I am not their target customer then so be it.

 

[boyoverboard]

Don’t quite understand the part about it being aimed at “the Asian market”… but generally I’ve not been greatly interested in very much they’ve produced of late. I much prefer the style (and quality) of the older pieces I own, and I am very thankful that I purchased them when I did. I imagine that the vast majority of any future purchases I make will be pre-loved vintage.

 

[cXm]

I think its a personal style feeling, and as leechiyong said, it agree to "I think there's a lifecycle to buying LV,"

All brands have continuous releases of styles while adding runway pieces that cater to certain people. Is that being trendy? I think its just part of being high fashion. Just having "classic" pieces or just changing colors is a bit boring and not what I consider fashion. Every brand has had price increases, some more then others, just look at Chanel. I think it's expected to see prices increased yearly.

Personally, my SO and I like LV's variety of new collections, especially runway pieces. I think part of luxury fashion to offer new pieces each season that are different and a have bit of exclusivity. While LV is not like Hermes with quotas, there are certain pieces that are limited or nomination only, and those pieces are likely seen as "trendy" or "art" pieces.

Also.. what is "“Asian market”? Is that pieces exclusive to Asia? or a certain style?

 

[SDC2003]

It’s funny op you talk about being over lv bc the lv chats seems to be quieter than in the past on tpf.

I think a large portion of the lv consumer is aspirational and these folks have been hit hard by inflation. I think some people are tired of lv but I think some people are just tired of luxury in general. There’s been very little innovation across the brands. New collections constantly churned out but only minor modifications such as in material or subtle design changes.

I know what you’re referring to in targets of the Asian audience. I’ve noticed this with Chanel. There are too many stupid heart designs. Don’t get me wrong. I like hearts but on a middle aged woman it looks juvenile imo. It’s not for me.

And then you have designers focusing on gen z and trying to attract them to the brand. Gen z has been spending a lot on luxury since the pandemic. Makes sense since many have not had to pay student loans and live with mom and dad at least in the us. I think this is a mistake on the part of luxury brands to have focused so much on the younger generations. I don’t think the younger generations will be so eager with luxury when we’re in a full blown recession.

The Rtw I’ve seen is gimmicky, boring, juvenile and loud and have no shape often times. I miss the old Burberry and the Chanel of lagerfeld and the old Hermes. These prices have also become exceedingly ridiculous. There comes to be a point where people don’t think they’re getting value.

 

[HTOWNE]

Me! Huge collector for over 25 years. I do not even want to start with how disappointed I am with the quality, workmanship, customer sevice, pricing, etc. It has been going downhill over the past years steadily to the point that I feel stupid accepting the quality and pricing. I think I have gotten to the point that I am finally finished and feel comfortable with it. Did not think I could ever get to that point with how much I usually purchase every year. I actually feel much better and less anxiety. It became too much work and so many issues to deal with on almost every single piece. It is definitely not the same Louis Vuitton I had such a passion for and loved.

 

[Penelopepursula]

I'm not done with LV, but I have been buying far fewer pieces the last few years. As many of you have noted, the fast fashion feel, the Uber trendy pieces and the price increases (especially for the Capucines) are unappealing. Many of the bags feel like they have a short fashion life.

 

[BagAddiction712]

I love that everyone has their own style and taste. I enjoy coming on here and seeing everyone’s reveals. I understand what you’re saying. That’s how I feel about Chanel (yikes don’t crucify me) How many flap bags can one own? Lol. I agree With what someone else posted before about LV just releasing their classics in different colors/materials to kind of be in the same league as Chanel and Hemes. And every fashion house trying to be as exclusive as Hermes with their price increases and limited inventory. But I guess I’m saying I’m not necessarily tired of it. I just love seeing everyone’s fashion choices all around

 

[daisy913]

It’s funny op you talk about being over lv bc the lv chats seems to be quieter than in the past on tpf.

I think a large portion of the lv consumer is aspirational and these folks have been hit hard by inflation. I think some people are tired of lv but I think some people are just tired of luxury in general. There’s been very little innovation across the brands. New collections constantly churned out but only minor modifications such as in material or subtle design changes.

I know what you’re referring to in targets of the Asian audience. I’ve noticed this with Chanel. There are too many stupid heart designs. Don’t get me wrong. I like hearts but on a middle aged woman it looks juvenile imo. It’s not for me.

And then you have designers focusing on gen z and trying to attract them to the brand. Gen z has been spending a lot on luxury since the pandemic. Makes sense since many have not had to pay student loans and live with mom and dad at least in the us. I think this is a mistake on the part of luxury brands to have focused so much on the younger generations. I don’t think the younger generations will be so eager with luxury when we’re in a full blown recession.

The Rtw I’ve seen is gimmicky, boring, juvenile and loud and have no shape often times. I miss the old Burberry and the Chanel of lagerfeld and the old Hermes. These prices have also become exceedingly ridiculous. There comes to be a point where people don’t think they’re getting value.

I’m just gonna say it, OP needs to clarify what they mean by “Asian market.” As an Asian American that constantly goes back and forth between the continents, I do find this notion a little insulting and tone deaf.

If anything, LV is listening to its customers outside of Asia. Before, a lot of people would be upset that items were exclusive to Asia or Japan. It’s fine if you don’t like the product, but try to refrain from describing your understanding of Asian aesthetics as “juvenile.” There is A LOT of Western supremacy in the US and EU when it comes to aesthetic ideals and values.

Have you looked at statistics? Most young people in the US take out loans to go to college… so they do have to pay back loans. It just so happens that we are seeing a higher number of young people living with their parents as a way to save money. However, the majority of young people who are out of college don’t live with their parents.

If you ask me, the real reason why young people can afford luxury is because of the tech boom, which still has no end in sight. Most people I know who are starting their own tech companies, or are senior staff for new ones, are 35 and younger… They all have very nice paychecks -they make at least 4x the amount of the average salary of more than half of NYC’s population.

 

[Pop Art Suzy]

I'm not necessarily sick of LV, per se, but I've noticed that I'm carrying my Prada bags a lot more often, and I recently purchased a pre-owned Balenciaga from Fashionphile that I just love, as well. But the LV bags that I do have, are all pre-owned with the exception of my monogram Alma BB which I purchased brand new last year. Otherwise, I love the older bags from LV, but I also love the Capucines, but I just can't justify spending that much money on a handbag. So for now, I admire it from afar.

 

[ctimec]

By Asian market, I think they meant LVMH revenue per region by category. Fashion and leather goods represent 59% of LVMH revenue in Asia and 37% in the US, for example. LVMH separates Japan from “Asia” and fashion and leather goods in Japan represent 62% of revenue in 2022. The Asian market share dictates design releases per market with Asia dominating globally IMO. LV is an aspirational brand globally.

Key figures by business and region, income statement - LVMH group

Find the key figures for the global luxury leader: 70 exceptional Houses, 35.7 billion euros in sales in 2015, 3,860 stores - LVMH

www.lvmh.com

I’m not tired of LV personally.

 

[SDC2003]

I’m just gonna say it, OP needs to clarify what they mean by “Asian market.” As an Asian American that constantly goes back and forth between the continents, I do find this notion a little insulting and tone deaf.

If anything, LV is listening to its customers outside of Asia. Before, a lot of people would be upset that items were exclusive to Asia or Japan. It’s fine if you don’t like the product, but try to refrain from describing your understanding of Asian aesthetics as “juvenile.” There is A LOT of Western supremacy in the US and EU when it comes to aesthetic ideals and values.

Have you looked at statistics? Most young people in the US take out loans to go to college… so they do have to pay back loans. It just so happens that we are seeing a higher number of young people living with their parents as a way to save money. However, the majority of young people who are out of college don’t live with their parents.

If you ask me, the real reason why young people can afford luxury is because of the tech boom, which still has no end in sight. Most people I know who are starting their own tech companies, or are senior staff for new ones, are 35 and younger… They all have very nice paychecks -they make at least 4x the amount of the average salary of more than half of NYC’s population.

Just to be clear I’m Asian and I stand by what I said. There is nothing I said here that was demeaning or derogatory to the Asian race. Heart bags and heart jewelry are juvenile in my opinion but in asia grown women more than in western countries like hello kitty and the like. I do too but I wouldn’t buy it for myself.

Please also read my comments carefully as I was referring to Gen z living at home. If by majority not living at home is like 50 plus % I’ll give you that. However, I have read statistics that nearly half of gen z live with mom and dad. And no a lot of them are not saving money but living a yolo life.

Gen Z and young millennials have found a new way to afford luxury handbags and watches—living with mom and dad, says Morgan Stanley

U.S. Census data shows that nearly half of all young adults between ages 18 and 29 live at home—the highest level recorded since 1940.

finance.yahoo.com

Confessions of 20-somethings who live at home and splash out on cars, designer handbags, and nightclubs instead

Young adults are living with their parents at the highest rate in decades. Four of them broke down how they spend the money they save on rent.

www.businessinsider.com

Have you seen the stats about how many people are NOT paying their loans back right now and have not been since the pandemic? I have and it’s the vast majority.

 

[ctimec]

Many luxury houses have youthful designs. Hermes has a doll bag for Pete’s sake. LV can be cutesy with the animations, but they also offer many basic bags for working women. I don’t like the guitar straps on the classics, but I can see how some would like them. The straps are my main issue. I like the boring classics with vachetta straps.

 

[BleuSaphir]

Just to be clear I’m Asian and I stand by what I said. There is nothing I said here that was demeaning or derogatory to the Asian race. Heart bags and heart jewelry are juvenile in my opinion but in asia grown women more than in western countries like hello kitty and the like. I do too but I wouldn’t buy it for myself.

Please also read my comments carefully as I was referring to Gen z living at home. If by majority not living at home is like 50 plus % I’ll give you that. However, I have read statistics that nearly half of gen z live with mom and dad. And no a lot of them are not saving money but living a yolo life.

Gen Z and young millennials have found a new way to afford luxury handbags and watches—living with mom and dad, says Morgan Stanley

U.S. Census data shows that nearly half of all young adults between ages 18 and 29 live at home—the highest level recorded since 1940.

finance.yahoo.com

Confessions of 20-somethings who live at home and splash out on cars, designer handbags, and nightclubs instead

Young adults are living with their parents at the highest rate in decades. Four of them broke down how they spend the money they save on rent.

www.businessinsider.com

Have you seen the stats about how many people are NOT paying their loans back right now and have not been since the pandemic? I have and it’s the vast majority.

I notice people from my work are delighted they don’t have to pay back their student loans. Some are now considering pursuing higher degree.

 

[ezp]

I was amazed at the number of huge Vuitton shopping bags I saw heading back to SFO yesterday from Honolulu. I fly from HNL to SEA and never see any luxury goods shopping bags on those flights. It must be a different market. I know that when we were in Maui in February I peeked in the store to see the Kusama and the SA encouraged me to buy in Hawaii because of low sales tax and the discounted price. I think of buying and bringing home pineapples from Hawaii, not handbags.

 

[Penelopepursula]

I was amazed at the number of huge Vuitton shopping bags I saw heading back to SFO yesterday from Honolulu. I fly from HNL to SEA and never see any luxury goods shopping bags on those flights. It must be a different market. I know that when we were in Maui in February I peeked in the store to see the Kusama and the SA encouraged me to buy in Hawaii because of low sales tax and the discounted price. I think of buying and bringing home pineapples from Hawaii, not handbags.

I love Hawaii, especially Maui and I try to make it over once a year. Before my trip I scout the LV site and TPF to see if there's anything I want to buy. It's 10% cheaper for me to purchase in Hawaii. My state currently does not have a sales tax, so if I have the bag shipped, I save the entire 10%.