Do you think LV price increases actually boost their sale? Seems like
- Thread starter voodoodoll2005
- Start date
I know it's just an example, but I don't think price increases like that will make people want to buy Hermes instead. Just because they're going to increase their prices doesn't mean people are going to go buy something even more expensive to compensate.
In all honesty, I think another motive for the price increases is to determine who the loyal customers are and who runs out and buys other brands just because they don't want to pay LV's prices.
I agree. I don't understand running to another brand when they're prices are higher. 
I do think a lot of people try to get more before the hikes. 
Isnt the majority of LVs profits from the asian market anyways? Something like more then half? Need to find the article...anyways, people who are going to spend thousands on a bag, arent going to stop over a measely 5-10% increase in prices. They dont buy them to show off, they buy them because they like the brand and the quality--or lack thereof now a days-- anyways, point is lv knows people will continue to buy there bags regardless of price. They already have a loyal market in certain areas of the world.
I think it seems as though there is a mad dash to get in before a price increase, but that is only done by those who are 'in the know' ie either on tpf, or have a relationship with an SA. As not every SA will tell you on SUnday, that on Wednesday there is going to be a price increase(I heard an SA tell a woman 'the price today is').
^ITA... I have seen the price increase over the years and it has never stopped me from buying another new LV every year.