How Hermes Fights Discounts with Fire
http://english.chosun.com/w21data/html/news/200901/200901230014.html
Hermes Korea burns some of its luxury goods every summer and winter.
Sample clothes, shoes and scarves worn for fashion shows, photo shoots, and sponsorship as well as unsold items face the bitter fate, all to preserve the luxury image rather than suffer the indignity of being sold at a bargain price. "If we sell unsold items cheap, it could damage our brand image and reputation. That's why we burn these items," a Hermes staffer said.
Hermes has a "no sale" policy, in contrast to other luxury brands that flog samples and unsold items at 30 to 50 percent discounts.
How Hermes deals with unsold items can vary from one country to another, but a majority of Hermes overseas branches choose to burn them. "Burning unsold items is a highly sophisticated way of marketing to preserve and maintain a luxury brand image," a professional associated with luxury brands claimed.
([email protected] )
http://english.chosun.com/w21data/html/news/200901/200901230014.html
Hermes Korea burns some of its luxury goods every summer and winter.
Sample clothes, shoes and scarves worn for fashion shows, photo shoots, and sponsorship as well as unsold items face the bitter fate, all to preserve the luxury image rather than suffer the indignity of being sold at a bargain price. "If we sell unsold items cheap, it could damage our brand image and reputation. That's why we burn these items," a Hermes staffer said.
Hermes has a "no sale" policy, in contrast to other luxury brands that flog samples and unsold items at 30 to 50 percent discounts.
How Hermes deals with unsold items can vary from one country to another, but a majority of Hermes overseas branches choose to burn them. "Burning unsold items is a highly sophisticated way of marketing to preserve and maintain a luxury brand image," a professional associated with luxury brands claimed.
([email protected] )