Price Increase Update

[Prada Psycho]

This is why I buy all my Hermes items from consignment stores, legitimate eBay sellers and "other places" besides the boutiques. Don't get me wrong, I do buy occasionally from the boutique, but since the February price increase the only thing I've bought at the boutique, besides fragrance items, was a scarf ring. I just canNOT bring myself to pay $400 or more for a hunk of fabric, even when the hunk of fabric is an Hermes scarf....

 

[Twilly]

Where did you get your information? I spoke with the director of my local H and they had not heard of another price increase?

well there will be a price increase in Aug/Sept...another 7% and another one in Feb too.

That means a scarf went from $325 to $355 and to $380 and by next Feb to probably over $400.

can you believe that!

A 35cm birkin will have gone from $8,400 in togo to in Feb it went to $9,300 about...and this fall they will be over $10,000 before tax....and then next feb...way over $10,000 without tax.

this is just getting silly.

my friend told me 5 years ago birkins were around $6,000 or so and now they will be over 10k this fall.

Its just getting to be too much.

Do you think people will start pulling back at these prices?

Essentially in a matter of a year....from Feb 2008 to Feb 2009...there will be THREE 7-10% price increases.

give me a break.

 

[Kelly100]

Thanks for the info/warning, guccigal.

I'm another one who will be down to probably 1-2/year. Otherwise, I'll be looking for eBay deals. It'll be a vintage bag, as well, as the new ones will be out of reach...

 

[Twilly]

my SA had not heard of a price increase either...
where did this rumor start?

When I spoke to my SA at the Wall Street store on Sat, she had heard nothing about a price increase. I told her that some of the West Coast stores were telling their customers that there was going to be one. She told me she would look into it.

 

[allanrvj]

I'll resort to frequenting flea market stalls in Paris that specialize in vintage Hermes pieces. even if it's time consuming

 

[Lyanna Stark]

my SA had not heard of a price increase either...
where did this rumor start?

This *may* be specific to USA only. Where are you located?

 

[guccigal07]

this was an update to a thread started a little bit back....where rumors have been flying.

 

[Ghost55]

I have it from a very reliable source in upper management that there is only one price increase/year.

 

[toonie]

I was told over the phone there was a price increase in june .I think he said the 31st

 

[Prada Psycho]

I was told over the phone there was a price increase in june .I think he said the 31st

Well then, we're safe. There are only 30 days in June.

Sorry, toonie. I couldn't resist! :shame:

 

[mooks]

I have it from a very reliable source in upper management that there is only one price increase/year.

This was the same info I got in London.....it's all a bit strange

 

[SugarRx]

This is so upsetting. I love their scarves but it's the principle behind all these huge price increases and how many times in a year that makes me mad at hermes (I hate to say that) and will probably cause me to stop buying them....or at least scale back my Hermes purchasing big time.

 

[nafnaf]

my SA had not heard of a price increase either...
where did this rumor start?

Same here. Just got off the phone with SA and there is no news coming from H corporate of a price increase. It seems like the news/rumor are coming mainly from H stores in CA? Specifically SCP?

What exactly is going on?

 

[lulilu]

its going to happen.

GG, do you mind revealing how you know? It is so upsetting that people are getting conflicting information.

 

[cftf]

all this being said....anyone out there have any idea H's cost basis on there products? say a 35 cm birkin or 32 cm kelly in a "regular" leather? just curious