Louis Vuitton Price Increase Master Thread *please include location*
- Thread starter lordguinny
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Yes, it‘s horrible, I had this bag on my wishlist but now I deleted it, that‘s too much for me [emoji22]
I bought my mono gm NF when it first came out... it was 750!
Right after Christmas, the Canadian Price of the mini pochette went from 360$ to 395$. I just checked and they are now 405$. That’s a big jump. And the PA went from 685$ to 705$ I’m so happy I was able to get all three mini pa and 2 pa before the increase. Saved me 175$ plus sales taxes!
I remember buying my Azur Mini Pochette for $215!
What justifies for the price increase? None ... they do it just because they want to !!!
Could be related to the pandemic we may face. They’re not getting their sales up because people in APAC aren’t purchasing.
Australian pricing increased insanely in the last year. From my memory they have increased the price 4 times. Almost 18% increase..
This year may be even more crazy because of the weak australian dollars.
This year may be even more crazy because of the weak australian dollars.
Very true! I lost count of how many increases we had ! But if am not wrong there should not be another increase anytime soon because the world economy is down, retail is suffering because of corona virus.
But despite this, if LV decides to increase I will have to rethink about my wishlist !
Me too... the wages stayed so constant but everthing is getting more expensive...
I feel soon I wont afford anything in LV lol.
LV keeps on increasing their prices because demand is still there after each increase . The only way for LV stop increasing their prices is people stop buying their product. Given we are having a pandemic all over the world right now and lvmh is forecasting 10-20% decrease in sales, you can be sure they won’t be upping their prices anytime soon. With practically most of the American LV stores closed, not to mention European stores as well for most likely a month if not longer, lvmh sales figure will be impacted even more than 10-20% imo. Last time I checked, stock market has lost a quarter of its value... when people feel poor, they are less likely to buy luxury goods even if they can afford it. Additionally, at least in US, unemployment rate had skyrocketed to unprecedented level. Buying luxury goods is the last thing on many people’s mind regardless if one is still employed or not. I predict there will be no price increases for rest of this year. Furthermore, LV will readjust their output due to lower demand and whatever you buy this year will truly be more limited edition compare to the past few years for seasonal goods. LV has been pushing out new product breathlessly in the past few years. One can hardly keep up! I wouldn’t be surprised that behavior grind to a halt and LV goes back to its old schedule and give people a breather to use the bag they just bought.
This would make sense to me, but on the flip side, I also wonder whether luxury brands like Vuitton may raise their prices just a small amount (like 3 to 5%) once the pandemic is over to make up for lost revenue? If they know the person who'd still be willing to spend $2,000 on a bag in this climate would spend $2,060, they may still do it?
I hope you're right though!