Fellow members in Singapore shared
here that in Singapore B/K/C prices actually went down! I also saw report on SNS that certain other things went down a little too (a belt went from 1040 to 1010 SGD for example).
In the US last year certain things went down in price too when price adjustment occurred (I personally know some shoes and home goods did, like 50 dollars).
Hermès officially calls things “price adjustments” and while 99% of it is increase we’ve now seen that in rare instances they decrease things by a little.
The whole tariff thing though is probably a whole other issue. I’ve still no idea how that will play out.
Edit: and I just saw this
U.S. Suspends Plan to Impose Tariffs on French Luxury Goods
The U.S. on Thursday suspended plans to impose tariffs on French luxury goods in response to France’s tax on big tech companies, saying it wants to coordinate its response with its efforts in similar disputes with other countries.
www.wsj.com