How does the price increase work?

sarachryan

O.G.
Jun 6, 2007
749
102
I tried on a lindy bag in my local store about 2 months ago. I know that they still have that bag in stock. So with the new price increase if I were to go and buy it today would the price have increased? I can't remember exactly what it cost when I looked at it the last time
 

mooks

Member
May 4, 2007
13,215
9
I don't think there was an exact percentage increase as some items went up by 6% and others 10%
 

MattNY

Member
Jul 10, 2008
565
1
I tried on a lindy bag in my local store about 2 months ago. I know that they still have that bag in stock. So with the new price increase if I were to go and buy it today would the price have increased? I can't remember exactly what it cost when I looked at it the last time
My understanding is that the price will have increased. I don't think Hermes keeps the old prices on existing stock and only apply the price increase to new stock.
 

lilyhermes

O.G.
Apr 23, 2008
11,720
135
My understanding is that the price will have increased. I don't think Hermes keeps the old prices on existing stock and only apply the price increase to new stock.
Matt is definitely right. The stores re-tag existing stock with new tags listing the new and increased price. I was told that leather goods increased by 8% a couple of weeks ago, but there seem to be varying reports on the exact amount.
 

kipp

O.G.
May 9, 2008
1,971
1,206
everywhere!
My understanding is that the price will have increased. I don't think Hermes keeps the old prices on existing stock and only apply the price increase to new stock.
MattNY is almost certainly correct---if you live in the US (or one of the locations where the prices went up)--the new price will be in the computer and that is what you will pay.