Thought this would be a good topic to chat about...
With our economy being weak and the dollar decreasing in value, the prices of designer handbags have been frequently increasing. Since everything else is only going up in price (food, gas, etc.) and the rate of pay raise from employers doesn't nearly cover these increasing living expenses, its going to be much more difficult putting money aside for designer bags, especially for those on a budget like myself.
The day I finally got to pick out a new bag from Louis Vuitton was the day they decided to debut their new prices. And they had just increased retail costs a few months ago. On average, LVs' bags have gone up about 5% during each increase, which is about $50 per every thousand. So some have gone up over a $100 within less than a year.
Chanel is even worse. If you think 50 bucks per every thousand is bad, try $200-$300 plus per increase
About 2 years ago, the classic flap bag was around $1500. Now, it has reached an outrageoulsy higher price of around $2500 for like a med size. You guys probably remember how I wanted a flap so badly. Well, that's not happening anytime soon...
So what does everyone think about this? I understand how prices will inevitably go up...but there have been so many recently. Also, I read somewhere that the reason behind these price increases is to achieve more exclusivity and to appeal to a wealthier crowd. I disagree with this for the most part and believe that it has more to do with the dollar being weak. But has anyone else noticed any other designers increasing their prices? Will anyone else be affected by these increases like myself? Thoughts???