Price Increases 2023
- Thread starter smoothsailor
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Huge price increase expected in Europe as the price disparity against other countries too much. Other countries price increase should be lesser in comparison.
I think it’s different timing for different countries.
I was told 15-22%. Through out the store.
I was dealing with the director of store today. And she was not sure when. But in January.
I was dealing with the director of store today. And she was not sure when. But in January.
I saw this from social media this morning. I’m in the US but at least we have these for reference.
Europe was always much lower than other regions as it’s a French brand. Did they get the Chanel bug to “harmonise prices” globally?
That comment was what I initially heard. I’m not sure they will adopt price harmonization. But comparing China and US….china was at higher price points already and their price increase was mostly 10%. US at lower price point in comparison has higher increment 15-22% as shared in other post of this thread.Europe was always much lower than other regions as it’s a French brand. Did they get the Chanel bug to “harmonise prices” globally?
I also think that price harmonisation is what Hermes might be doing as I’m in Asia and the prices here are already really high so what I heard from my SA is that the price rise will be to the tune of 6-8%
If following the concept of price harmonization, shouldn't the Euro prices have the most price increase, percent-wise? If US (with its strong currency) is seeing 15-22% increase, I am speculating if Euro prices might possibly have increase of upwards 20 - 30%?
I look forward to TPF'ers who shop in Europe to share any insights.
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