people rush to buy mutiple items or buy an planned item sooner in order to *beat* the price hike. If LV sees a volumn spike before every price hike, it only gives them incentive to do it more frequently.
I think so...but at the rate they're going up, people might as well drop LV and start buying Hermes.
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.
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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.