Your new Coach: a mini-reveal thread!

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#22,396
pasdedeux1 said:
Yeah, I know, I hold out hope that someday Coach will elevate themselves again and stop with the outlet junk.
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At least they are waiting a little longer to send to outlet. If they just made less to begin with it would help them a lot, but my guess is even at 70/20 they're still making a nice chunk of profit so they won't change.

I just try to make sure the bags I pay full price for are because I'm not willing to wait for a sale, for a certain occasion / season and that I use them right away and frequently so I'm not too concerned when they inevitably go on sale.
 
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#22,398
holiday123 said:
At least they are waiting a little longer to send to outlet. If they just made less to begin with it would help them a lot, but my guess is even at 70/20 they're still making a nice chunk of profit so they won't change.

I just try to make sure the bags I pay full price for are because I'm not willing to wait for a sale, for a certain occasion / season and that I use them right away and frequently so I'm not too concerned when they inevitably go on sale.
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No they not waiting. I just got cassies for 70 off
 
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#22,399
holiday123 said:
At least they are waiting a little longer to send to outlet. If they just made less to begin with it would help them a lot, but my guess is even at 70/20 they're still making a nice chunk of profit so they won't change.

I just try to make sure the bags I pay full price for are because I'm not willing to wait for a sale, for a certain occasion / season and that I use them right away and frequently so I'm not too concerned when they inevitably go on sale.
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I'm fine with paying full price for something I like. Unfortunately, a vast portion of their revenue is from outlets so they're not going anywhere. But I do find it offputting and would buy a lot more if I could count more on the pricing.
 
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#22,400
pasdedeux1 said:
Yeah, I know, I hold out hope that someday Coach will elevate themselves again and stop with the outlet junk.
Click to expand...

Unfortunately, most of their profits come from the outlets. The outlets are a gimmick to make money from the uninformed shopper through the manufacturer recommended prices scheme. I think Kate Spade outlets had a lawsuit about this recently.

It's true that a lot of the MFF stuff is not made as well as boutique stuff. But some of the MFF stuff is still high quality, like most of the pebble leather designs (Faye line, MFF prairie satchel, Cassidy - MFF Parker, Isabelle -- MFF version of Chelsea, etc). I also have some charms from the outlets that are good.

But the outlets are also so successful because the boutique bags are way overpriced. I got a 1941 bag 70% at the outlets originally priced at $400. Regardless of my salary, the most I would have payed for that bag based on its quality and size was $200. Like I would consider many Coach bags during the 50% off SAS as I feel they are priced closer to their value.

To me, Coach's history is as high quality classic products that last, similar to LL Bean, not luxury products. So I won't pay luxury bag prices for their products period, and I'm guessing many other long time Coach customers will not pay those prices either. Especially when we know months or years later those same products end up at the outlets for 70% off. Inevitably some bags that get purchased will be returned or damaged, etc, so Coach has to sell them at a discount or they won't sell at all.

So I would rather they focus on making more functional and less trendy products with reasonable pricing. Especially considering the bags they make now are not made in the USA and are most likely made cheaply through unethical labor practices. So even at 70% off they still make a profit.

So it's that saying don't hate the player, hate the game, as all of Coach's competitors are in the same business of making as much profit as they can, customers be damned. This is why Coach is constantly playing pricing games to get the most money for their products. I'm sure I'm preaching to the choir here, but that's my take on it all.
 
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#22,404
LaVisioneer said:
Unfortunately, most of their profits come from the outlets. The outlets are a gimmick to make money from the uninformed shopper through the manufacturer recommended prices scheme. I think Kate Spade outlets had a lawsuit about this recently.

It's true that a lot of the MFF stuff is not made as well as boutique stuff. But some of the MFF stuff is still high quality, like most of the pebble leather designs (Faye line, MFF prairie satchel, Cassidy - MFF Parker, Isabelle -- MFF version of Chelsea, etc). I also have some charms from the outlets that are good.

But the outlets are also so successful because the boutique bags are way overpriced. I got a 1941 bag 70% at the outlets originally priced at $400. Regardless of my salary, the most I would have payed for that bag based on its quality and size was $200. Like I would consider many Coach bags during the 50% off SAS as I feel they are priced closer to their value.

To me, Coach's history is as high quality classic products that last, similar to LL Bean, not luxury products. So I won't pay luxury bag prices for their products period, and I'm guessing many other long time Coach customers will not pay those prices either. Especially when we know months or years later those same products end up at the outlets for 70% off. Inevitably some bags that get purchased will be returned or damaged, etc, so Coach has to sell them at a discount or they won't sell at all.

So I would rather they focus on making more functional and less trendy products with reasonable pricing. Especially considering the bags they make now are not made in the USA and are most likely made cheaply through unethical labor practices. So even at 70% off they still make a profit.

So it's that saying don't hate the player, hate the game, as all of Coach's competitors are in the same business of making as much profit as they can, customers be damned. This is why Coach is constantly playing pricing games to get the most money for their products. I'm sure I'm preaching to the choir here, but that's my take on it all.
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Preach
 
#22,405
pasdedeux1 said:
I'm fine with paying full price for something I like. Unfortunately, a vast portion of their revenue is from outlets so they're not going anywhere. But I do find it offputting and would buy a lot more if I could count more on the pricing.
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Only way I buy. Waiting on them to be reduced. I don't pay full price. No need to. Retail and retail outlet bags are the same bag. No one coach retail bag is less a coach because it purchased for less
 
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#22,406
crazyforcoach09 said:
Only way I buy. Waiting on them to be reduced. I don't pay full price. No need to. Retail and retail outlet bags are the same bag. No one coach retail bag is less a coach because it purchased for less
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And why wouldn't you? Buying retail bags at 70% + off at the outlets is the way to go!! I'm not a fan of MFF at all but I would buy 1941 at the outlet in a heartbeat !! heck if I had money is jump on a plane from the UK with an empty suitcase just to outlet shop 1941!!!!
 
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#22,409
That's exactly why you aren't willing to pay more for the bags, though - because you can get them for less. If Coach hadnt trained you to expect 70% discounts (as things were in the days when they were fairly priced, long lasting pieces) and you say you wouldn't be a customer at full price, well - that's a self fulfilling prophecy.

They would very much like to be an accessible luxury brand, because luxury is where the margins are. Unfortunately they're in the position of having to untrain a customer base they trained to expect discounts, and will have to decide whether they want that customer or the higher $ one. Be interesting to see what the Asian market expansion looks like.

I'm not much interested in crawling through the outlets trying to find things or waiting for things to pop up on FOS. Not enough time on my hands for that.
 
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