Have 2024 luxury prices GONE TOO FAR?!
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- Опубликовано: 8 сен 2024
- Luxury prices are truly baffling these days - it looks like all the luxury brands have accidentally added 0s to prices and the designs seem to be pretty basic and simple...so why are the prices going up?! In this video, I try to break down why this is happening and what these designer brands are trying to achieve, even if it alienates a lot of previous customers...ENJOY!
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They jumped the shark with the price increases. It’s no longer aspirational, you just lose the desire to pursue it, which is most dangerous for a company bottom line.
he variety of textures in the *preluxscom* pack is impressive. From smooth leather to textured suede, there's something for everyone.
If only people would stop buying and paying those ridiculous prices, they would slow down with all of these price increases. Influencers don't help the situation because they are the main ones buying these luxury items and bags, and people feel like, "Hey, I want that too." It's a ridiculous cycle that won't stop until we stop buying. The quality of most of these items gets worse and worse. The more in demand these items become. I'd rather buy preloved if I know it's selling at a decent price. Even preloved item prices are ridiculous sometimes. We just need to know when to say no. Enough is enough. Thanks, Cas, a great video.
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Let’s put that on top of the agenda of things for the world to work on. Maybe after we get luxury bag prices down we can tackle peace in the Middle East.
I mean… this channel could be seen as one of those influencers
I feel like the preloved market is really saturated & items are not selling as fast as they did. People want a deal, some Birkin’s selling for over £20K is ridiculous. And don’t you think some people just get Hermes to resell!!!
@@JordaniRossi don’t think so. Cassie doesn’t buy mindlessly, usually I see her thinking about her items a lot before purchasing.
Yes. I believe the answer is yes.
Correct 🫡😂
1000000%
I concur!
Any brand that raises their prices in an attempt to keep themselves exclusive is basically telling me I am not good enough for them and that makes me just look elsewhere. There are so many other gorgeous brands with great quality who are happy to have me shop with them.
I totally agree. Don't expect me to pay an arm and a leg or jump through hoops to buy your items. There are plenty of other companies that make high quality pieces at more affordable prices. 😊
I agree with you. I’m only a teacher in France and I save up for a long time to be able to afford some of this stuff, like an Hermes shawl or a pendant from Cartier or VCA. It takes years sometimes, but I’m happy to do it as the item is a dream and will last me a long time. Now however, it’s like they tell people like me « well don’t bother, you’re not interesting to us ». They make it even harder for « little » customers if that makes sense. And it’s a shame really.
It really is a shame!!
As a fellow teacher I completely agree. Chanel is not even in within reach. It takes the desire away to even try. Very sad.
I now embrace the ‘inspired” pieces
Thank you for being an advocate for this issue. You as a designer community influencer with the appropriate funds to purchase luxury items, it means a lot that you are using your platform to communicate this issue even for those that have funding but don’t see the value of the inflation for basic pieces.
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Exactly! A few luxury fashion content creators are this honest, just like Cassie. You are too precious, Cassie! 🥹🥹😍😍🩷🩷💜💜💜 Lots of love from Rome🇮🇹🩷💜
@@Emanuela1003 😭😭😭💖
I left Chanel alone after the 2020 price increase. I’d consider myself a Quality Seeker. I want long lasting pieces.
So glad i got my jumbo in 2020 preloved...its going to be my 1 Chanel for life i think. 5800 at the time i think....now..never, i actually cant , like i can get a car. or pay 5 months rent.
What quality brands would you recommend?
I feel like I am being taken advantage of- just because I can afford it- I still want value- it’s insulting and ridiculous- I have put the pause on it for awhile- my SAs think I died😂😂. Though Fendi seems to be the most reasonable and great quality- so far
Yes there are some brands that don’t seem to be taking the piss 😭💖
I think Dacob was right when he said that luxury brands are still reaching the “aspirational” consumer through the sales of their makeup and perfume.
That's a huge gap from say $60 lipstick to $10K bag, its one thing to be aspirational but another to be virtually impossible to buy. it used to be there were bags at entry-price tiers but now even the "entry-price" are crazy expensive
They say brands offer the best craftsmanship and quality, however the prices doesn't match what they are offering. I'm wondering at what point do we walk away and say no thanks.
Yes, totally agree! So ridiculously overpriced.. I refuse to now pay these highly inflated prices from these brands for just a bag…. Not worth it anymore.. 😏
Plus they don’t retain their value 💆🏾🤦♀️
Cassie, this is why I’m so happy that I know how to sew. I can easily make a great fitting garment that looks similar to what these luxury brands are putting out for a fraction of the price. I mean, it still isn’t cheap but I’d rather spend $400 for premium fabrics and a perfect fit than $2k. It’s getting wild out there.
Great treatment of a controversial topic (as usual)! I agree that these brands are trying to price out "aspirational" shoppers who save up for 1-2 pieces, and instead see how much they can charge to their VICs, to maintain that "exclusive" price point, without bothering to improve quality or CX. It's so transparent!
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Just ridiculous! I went to buy a pair of Valentino denim jeans👖and they were 19 thousand €. This price thing is going completely crazy. Guuuuurl buy! 🤑👋🏾
As a previous luxury consumer, I have shifted my purchases to contemporary brands like mulberry. Strathberry, coach reserve, and the like, but as the luxury brands, they will soon outpace themselves too.
They already have outpaced themselves. Then the tag “aspirational”-Insulting. I’m not aspiring. I’m a customer and my green dollars are just as important as any others spent with a company. Insulting your customer isn’t a good look
There are so many things wrong with what these companies are doing, I just give up on all of them. Using inflation/etc as an excuse to raise prices on already seriously overpriced stuff is basically saying "we think you are stupid" to their clientele. Cutting out your aspirational customers is also a horrid mistake. Your aspiration customer of today could be your "I don't care the price" customer of tomorrow. And if they thought the sales levels that happened during and right after the pandemic were normal, what a ridiculous thing to base anything on. Now who is stupid? You may not be a business person, but you're spot on. It's all crazy.
Pricing out aspirational shoppers has been obvious for exclusivity. I’m interested in what will happen when/if VIC become less interested/loyal & major profits decrease esp for lesser quality items. Ive noticed many new styles straight to preloved market at fraction of the cost. Thanks for sharing Cassie ✨
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this, pricing out aspirational shoppers seems intentional. luxury, especially big houses, bank on name, and exclusivity. but they've been too many aspirational shoppers. esp those that can't and won't ever be converted. too many items in circulations, just look at neverfulls.
resale is a bit different. imo those aspirational shoppers they try pricing out, also aren't ones going on resale sites. most people on resale seem like more traditional aspirational types, or already "fully converted". certain percenatge of vics prob moved over to resale, at least partially, bc of what you said.
EDIT if this sounds classist af, I agree it is, but that's the way luxury fashion operates
@@thisorthat629 definitely agree
I think people are slowly having less and less disposable income. Another RUclipsr was saying that it was hard to sell a house in the UK whereas here in the USA they are selling like hotcakes. Sophie Sohet also said her marketing business was slower this past year. I think the economy in the US is going to be coming down soon. There’s no time to be foolish with money. I don’t think a regular non exotic bag should be over $3000
With the exception of a handful of seasons, I feel like Chloé has had the same clothes
, shoes and accessories for the past 20 years 😴
😂😂😂
I am praying that they go down because I feel that they think that everyone has an expendable budget, but I know people who are billionaires and even they are starting to stop as it is getting ridiculous
I have never endulged in trend-led-shopping. I’m 37, been buying luxury since almost 2 decades now and I still have most of the bags, shoes, accessories and even clothing.
I always bought classic pieces, riding the “quiet luxury train” before it miraculously appeared. It paid off for me and even with the price increases, I’m not spending 40K on luxury each month, it’s still ok for me so long the quality remains exquisit.
Thanks for sharing!!
Oh l forgot. Ferragamo's bags are very well priced. I saw a large leather bag with mostly snakeskin for around $3k. I asked the SA if it was missing a 1 in front of the price tag. Nope. I was shocked.
I was talking to a LOVELY SA at Loewe. They have lots of exotics at VERY good prices compared to the competition. She was selling tons of them. It's like a secret.Go before they raise the prices.
Poor Burberry. SA's in several different stores/boutiques have told me that the new bags are not selling at all😔.
Succession didn’t help. I. Smell a new creative Director soon.
Burberry is pricing way above their brand equity. Of course nothing is moving.
YES. Which is why i am kind of happy to be able to say that my collection for now is exactly where i want it to be and am hence able to close the current luxury chapter... ONLY FOR NOW!. We are obviously never going to rehab but maybe we can go longer without a next swipe of the credit card, haha.
Although we’re never going to rehab, we can of course take breaks!!! 💖💖💖
Nicely stated!
Ca$$ie I’m 58, I have my 40+ year old Gucci, Chanel, and Burberry bags. I refuse to fall for the grift these companies are pulling! The quality is not the same and I just can’t. But , I love every video/ Vlog you create. Your knowledge and style is on point! 😍😍😍
A portion of the problem are influencers. This is simply a supply and demand scenario now. There’s more attention and engagement with these houses than ever before so people really want this stuff rather they can afford it or not. Previously the only way you would know what something costs is through a sneak peek in a magazine or a trip to the actual boutique. Now the price increases are whole freaking press releases. Chanel is not doing themselves a favor since people have already been complaining about quality since the last 5 price increases.
Yup - I’m done, I’m only shopping pre-loved/vintage from now on 🤷🏻♀️
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Love your dad at the end! I agree with you the prices have gone too far. $1700 for a basic white tank top? $11,700 for a Jumbo flap? It is just insanity. Congrats on the wedding again, you looked so beautiful and you both looked so happy! Xoxo
Quality seeker here who only shops Bottega outlet or sales now. Once the padded cassette went up to $4500, I was out… got that bag for $3200 when it increased the first time in stores. I don’t like feeling disrespected and taken advantage of. Now bottega doesn’t see my dollars unless it’s 60% off or more.
Cassie, I love this conversation. I love fashion but I have no interest in brand names. I’m about quality, utility, and the aesthetics. I buy contemporary brands and hunt for quality materials and construction for a good price. I have always liked looking at luxury designers for the craftsmanship but that seems less and less what it’s about. Most of these articles of clothing can’t even be cleaned at the dry cleaners. There is a dry cleaning channel here on RUclips where he does a series called “stupid expensive things that can’t be cleaned” (or something to that effect) and this is telling. These designers are making these articles of clothing to be disposable. There is no lifespan of the product being thought about. It’s all being treated so frivolously, thoughtlessly and vapidly by these luxury brands. I have some crocodile in my collection and it is not hard wearing and I will not be buying it again. Quality and longevity of an item matter. And while I was never going to be someone who paid those luxury designer prices for their goods, it is this that I can’t stand along with the continued price increases. Great video, Cassie. Love your channel and how you talk about things that most others don’t.
Crocodile skin is incredibly hard wearing - but only whilst the crocodile wears it. The treatments required to turn it into a handbag remove all that armour plating it had as an animal and turn into something delicate, that’s what makes it a luxurious material.
@@AnUrbanGypsy it’s good to know. I haven’t paid outrageously for it (crocodile) but those who might (pay outrageously) should hopefully know that. I would have thought it was more durable than it is.
Cassie, I went to look at that MIu Miu crop top you wore, thinking I could justify a few hundred dollars. But it’s was almost $2k, I can’t! It’s beautiful but almost $2k for a bedazzled crop top is a no for me.
Having been on the finance side of fashion for over 10 years, there is no way they can blame inflation for the sheer volumes of uplifts. Real wages have not changed that much. Yes up 8-12% for the inputs, but when you look at the mark ups the increases are far more.
Chanel is a funny one. Their new CEO came from HR at a FMCG so hasn't a clue about art and design. But comes from a volume background. Tapping into the new wealth from emerging markets. More money than sense - and with a lack of interest in sustainability and animal welfare.
The Quality persona for luxury customers are the sort of people who will go for mid-tier brands as they understand the value of money. Why go for Chloe when you can opt down for a Sandro, Acne Studios, even Sezane etc. The big houses are alienating the Quality shoppers missing that their loyalty is a much lower cost of acquisition, and didn't need a Brad Pitt video.
I think this is an opportunity for some of the contemporary brands to have high growth because they are creating appealing products with higher quality. I’m thinking of Strathberry, Mulberry, Tusting, etc.
I stopped a long time ago. I now buy “in the style of” bags and they are wonderful, not dupes. They are leather, great quality and I’m not afraid to use them. I hope they hear you Cassie!
I was priced out a while ago, but now it's just crazy. I saw a Chanel Classic Flap is now over $17,300 for the sunset one ... like in what world is that bag worth that?! Also all the brands now pushing bags up to 10k like the Celine Conti?! That bag is so basic and yet they're asking for almost 10k... it's giving the hunger games capitol vibes.
In 10 years time you will be able to pick it up for less than half the price. If even 😊
Luxury brands are currently giving "you can't sit with us!"
Voicing perfectly exactly what I've been thinking, thanks cassie yet again (carrying the fashion RUclips world on ur shoulders)
Well I don’t know about that 🙈💖💖💖
I LOVE when you do videos like this - one thing I always circle back to (that I don’t really know how to dive into myself) is previous trends in price increases. Has Chanel, for example, done price hikes of a similar nature before (80s to 90s? 2002- 2005?)? Is there a pattern of global economic turmoil = higher luxury prices? I think what I need is a couple books on the economics of luxury lol
They have not. their price increases were much more conservative.
Most of these fashion houses make most of their profits from cosmetics and small goods. Maybe this constant price increase strategy is to make the brand seem so exclusive that more normal people are attracted to the “prestige” and will buy lipstick/perfume etc.
I expect outrageous prices from the big 5 (LV, CC, GG, Dior, and Hermes). These in-betweens are getting a little too big for their boots - Chloe, Burberry, etc. They need to remember their place in luxury market, imho😅.
I think there's also something to be said about the prices being the same globally, but not every country has the same level of salaries for example. A person doing the same work in NYC and Helsinki, Finland will certainly not be paid the same. Even if that job and person might be someone that the brand would like to cater their products to. So will the price increases actually start to chop off entire countries from client lists, or have they perhaps done that already?
Oohhh interesting point!
The prices going up and the quality going downhill, that's why I'm focusing on quality not on brands.
Its the quiet luxury trend thats making these prices go crazy. Everyone wants to be "exclusive" and thats means crazy expensive.
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Great video!! I have been defending Gucci lately because l don't think their 1st quarter results tell the whole story. However, l do think they need to expand their bag assortment with some NEW "it bags" and other bags at a variety of price points. This would help.
Miu Miu's prices for rtw are indefensible. $1200 for a beat up looking cotton t shirt🤬? Absolutely NOT!!! I will say it again. I think they should be priced like Jacquemus.
Zimmerman' s prices have also gone insane. They have lost a lot of their original customer base.
Hermes, Chanel, Loro P, and B. Cucinelli have always had very high prices. I think consistency place a big role in their success.
Great points here!!💖💖
just curious as you seem to be very in the know with fashion, do you work in fashion? do you have a IG or social media I can follow?
@quertyy- Hi. Sorry for the late response. I just saw your comment. I don't work in fashion. I am just a huge fan. I also don't do social media. I just like going into stores when it is quiet/slow and talking to the SA's to see what is REALLY going on. Most are very happy to share inside information.
15 yrs ago I got several Gucci Jackie O bag for around 1000++ and now it's 3000.
Paying more than double for the same design ,obviously the answer is yes.
The worst is reading statements from these companies CEOs, CFOs… who seem to think that we are stupid and can do simple math. The profit margins in these items are crazy and although some costs have obviously increased they don’t even come close to their prices increases. I live in Spain where a lot of luxury brands produce their bags and you can get fabulous quality leather bags for a fraction of the price. And yes the prices of those have also gone up, but nowhere close to his luxury houses as the labor costs are still so low.
Girl!! Yes! They have lost their minds. I’m over it. There are some many other brands of excellent quality and unique designs.
The insanity is palpable. Who in their right mind pays 2K for a tank top?
These days I just wait for the sales as most luxury multi brand sites have 30%-50% often. Or when the Fashion houses do secret sales. I don’t really care about how old a piece is if I like it I'm buying 😂. Only regret is not buying a chanel bag when some of the popular styles were 2.5k & under in 13/14😢
So glad you broached this topic! It takes strategy to be a smart shopper these days than ever before.And buyers have tremendous power to affect the market so as long as people keep buying the hype it will continue. Smart shopping is finding value, what's unique exciting & Kool across the whole of the market. Totally agree Why be manipulated into spending ten times more ?
With all the influences wearing designer clothes they need to increase the price to keep the brand “exclusive” For me is ridiculous how people are still buying
Firstly the prices don’t meet the quality and also brands are pushing exclusivity to the next level. They don’t want just anybody to be wearing their pieces, I don’t know if that is problematic or good marketing
Paradoxically, I’ve never seen more people carrying designer things in my life than now. These brands have un-excluded themselves through social media, e-commerce, and conspicuous consumption. They feel less special and more expensive than ever.
As long as people buy these over priced products, brands will continue to sell them. When the demand is not there, prices will drop. Influencers contribute to price increases as do people who watch their videos (me!)
I used to think 100 for a tanktop is a lot (let's be honest it still is) but 2000 is ridiculous
I completely agree with you.I only see videos on RUclips of people with quite big collection of bags saying:”after a new price increase I´m done with Chanel.Quality goes down and prices up!!! Or,lately,”Herm`s has change their policies of selling.I’m out of my Hermès trip.And however,the profits from both companies go up and up.And my question is: who is buying then???😅😅😅
I’ve checked out. Sold off most of my ridiculous bag/slg collection a few years ago and haven’t bought luxury since.
prada has got so bad with the pricings now i no longer look there.....sadly and they were always my favs x
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The prices are all due to greed, greed, and of course GREED! Buy vintage the quality was there in yesteryear. Even my stand by Ferragamo is going up in a silly fashion. Cassie this video is a good piece of reporting.
You’re absolutely right, Cassie! These prices are insane. Just price items correctly from the start.
You mentioned something really interesting about all these brands dropping so many products at once to compete with each other…does this really mean that our products are even luxury and well thought through especially leather goods (handbags etc) ? Or just more a quick cash grab for the designers? Would love to hear your thought.
When I was 27 - 32, I could easily afford some entry level luxury garments. Now I'm 35 and I neither can, nor WANT to buy those things. Anyway - I looove watching your videos
The new and upcoming generations don’t care about luxury brands, the things they value are so different than what our generation want when we were younger. They don’t go like, ‘someday I want to buy a brand name bag just like my mom’s or aunt’s’. They don’t even want the kind of watches or cars that we like. Unless something is truly rare, it’s hard to imagine these prices going up can sustain.
Cassie, you shared a Luxury brand pyramid a few videos ago. The same pyramid theory could be used to show the business/economic aspect of each luxury brand.
I think we would see the bottom tier, everyday consumers are the most bankable financial resource for such luxury brands. (In other words, their purchases provide constant liquid funds for the brand.)
Although 40% is a sizable percentage of a company’s business, they are banking on a % which is not guaranteed.
I’m so glad I got the Chanel double flap in 2019 (it was $5600). Because ain’t no way I’m gonna get that for $10000+. 😂
Buying just to resell for profit has zero admiration for the design and quality of these pieces while inflating prices beyond what I find reasonable. Wish there was a way to stop this. Most unfortunate.
I still can't believe how extreme Chanel is pushing price increases, while its quality is decreasing. I work with a lot of designer handbags, doing quality checking etc, and sometimes I find these recent Chanel's are worse than the Fakes. the Caviar is weird, the composition is slanted. ugh.
Before buying I only focus on Value For Money.
Unfortunately lot of brands are pricing themselves out of the market.
High prices but the quality - most of the time - is not increasing.
Better Saving up and wait for great deals.
I love the discussions you have about the business of fashion! Luxury has become too accessible and brands don’t like it and I think the price increases are meant to elevate the brand and limit access! TFS 😊❤
I loved your approach. You're a buyer in this world and can outbid many but you still know what's reasonable. Generational wealth maybe give you that perspective. I think that the wannabes that want to post a picture "me and my bag" are hurt by this the most and will take to fakes even more. They cannot afford those prices really. Aside from 1-5% crowd, even a rich person will see a bit of a tacky logo in a t-shirt (in my opinion) and will judge whether he/she likes it or values the money and prefers it being spent on a company, another location, house, renovation. Businessmen didn't get to be rich by overspending like that and often value the money and hate being taken advantage of. It's influencers job. All the purses but not that cute apartment. (housing $ are a lot but it's still easier to buy a bag than a house). That's crucial. Not many people want to be a clown due to vanity. I noticed such people prefer pricier but still reasonable outfits for skiing, other sports and so only on for those in the know.
The person who buys not that often but for quality and not bragging might get a final push "is it truly worth it?". that person doesn't care about rotating clothes and bags all the time. Can wait. Or buy one and be done. I totally agree about the Miu Miu set. Cute but not so special for this $ It's totally ironic because.. the truly rich are always richer than you but love your other qualities you bring to the table like character. Would I try to impress Musk, Bezos with those outfits? No, they'll soon see I'm a wannabe!
I heard ferragamo hasn’t been “selling” and that shook me to the core thinking they’d get rid of Max and that should not happen. brands should be allowed to “coast” when the economy is the way it is. Especially when you actually have a talented young designer behind your brand. some brands shouldn’t be given that grace but please let Max cook!
The bags are going up in price as if we are all getting paid more. Usually prices go up because it equals things out but. the heavy hitters are making it even more unequal.
Time to become our own designers; our own creators and producers. People who were fashionable in the 80s didn’t have luxury mindsets necessarily. They were creative out of necessity. I believe this will fuel a blossoming of individuality and creativity in younger generations we haven’t seen in decades. At least I hope. And that will be the new aspiration.
I'd love to see a youtube travel series with you and Christiaan.
That would be fun!
Where is your beautiful Bulgari green and white purse? I love seeing it behind you. It's so stunning and classic.
They better close those Burberry outlets full of bags for $99.99 if they out here charging $5k for anything
Unfortunately the fun of being able to afford something beautiful is gone😢
This is not true. I have recently gone mental on vinted for older lesser known rtw and couture brands. Do your research and you're the winner. I've completely upgraded my wardrobe for less than I would purchase a new chanel handbag for. Within those purchase are 2 Croc handbags, vintage jimmy choo handbags and one beige lizard handbag. Everything else is wool, silk, classics and statement pieces. I will watch the drama unfold with my stunning wardrobe to fall back on and find a different hobby.
Thank you!! I am so put off by all the brands prices. Its beyond reasonable. It's at a good time its helping me stop shopping. Im pleased that I already bought things that I wanted.
All companies will continue to raise prices so long as we continue to spend. When the masses stop buying , they will stop over the top increases.
YES 🙌
I’ve been buying preloved recently. The prices are getting crazy at all of the brands.
Thank you Cassie for bringing this situation to the forefront ❤
The only way to stop this epidemic of extreme pricing is to not buy it. Not any of it. Then the price will come back in line.
Happy Easter🐰❤
I think with that amount of money i would rather spend it on a nice holiday😂
I remember i bought a Bvlgari Serpenti Top Handle Bag on my birthday in 2020 and since then it gone up almost a thousand euros up ( even though the new version has a back pocket and a little pocket inside)😢
Wishing you a nice day😊
Happy Easter to you!! I don’t blame you at all 💖💖💖
@@CassieThorpe
I never thought of that, just wanted to share😊
I think your analysis is spot-on as per usual. I enjoyed being an aspirational buyer, but now it seems not even a reachable goal.
The prices have been ridiculous for a few years now.
I will stick to contemporary brands. The quality can be just as good or better than the big luxury brands.
I think you're spot on with the first time luxury buyer- it's the best way to gain a new loyal customer because now they have a positive memory and attachment to the brand
Agree prices are just too much. Chanel in particular just isn't living up to the supposed standards they have. Thanks for sharing 😊.
You are so right about everything you say, I have to slow down because I will spend on my home, better investments for me
Such a great video Cassie (as always) thanks. ♥ But yes, I am still young and has been a fan of these beautiful things since forever... Working my a** off to save and have the extreme pleasure to gift myself something that I (ME) find gorgeous and worth of MY money. But I slowly gave up, because we just cannot keep up. Even the preloved market (which is logical if retail just keeps going up in prices)... And it pains me, because I still have that passion and love in me ! People will say "why would you buy if you can't afford anyway" ; "just buy things you can afford, why always the luxury names". WELL because it's there and my eyes love it and it gives me joy? 😂 Anyway, it's absurd now and one can only keep dreaming!
I love how down to earth Cassie is as a designer collector, we need more luxury collectors like her ❤
Honestly, I'm actually ok with spending more than average for a piece if that's a piece I'll get to wear for ten, twenty or even more years and it'll keep me warm or comfortable, as "luxury" should be. The ridiculous part is that prices keep going up and quality goes down.
I get that! 💖
Love you to pieces, but didn’t you just buy a denim top for $4-$5k?
Your hair and makeup look fantastic!
Ahhh thank you so much! 🙈
I love this video, refreshing to hear that everyone is also thinking the same as me. It’s gone from fun to ridiculous, I can’t enjoy shopping as much anymore 😢 everything seems to take a lot of thought now. Chanel in London is completely empty but the fun has gone, no more spontaneous purchases which were the absolute best!.
As a 50 yo considering leaving the corporate world, I very well may be done with luxury bags and refocusing my priorities on my health and mental well-being. Until folks stop buying, they will continue with the ridiculousness. It’s a vicious cycle.
Did it you will be so happy! I was told that and it is very true
who pays for these items. Whatever happen to saving for a house. And has anyone noticed how poorly these items are being made. 1700 for t tank top...... NO WAY,. No, thank you. I own my own home and I have also purchased a vacation home in Puerto Rico. That is where my money is going to!!!!!!!
Honestly, you guys there's just a ton of new money out there. From numerous sectors. Heritage, loyalty, quality, words like that just don't seem relevant to that class of buyers. So while it personally does hurt to feel like I'm being priced out of my favorite brand, that is in fact my reality. I'm a once a year luxury shopper at this point and when even that rate slows, I'll be disappointed but not surprised. 🤷🏽♀️
Side note I love the way you organize your description bar. So satisfying and easy to use!
Excellent video! The secondhand/preloved market is the place to go now for many and a wonderful idea. It has purpose. However, when new items go on sale it makes one mad when you paid for it new and then they go on sale. Adjust the price so they don’t get marked down or we stay away from these brands...
Kinda hoping someone from the following brands you’ve mentioned watches this video 👏🏻 because you’re so right. What about those who want to treat themselves something little, that’s not as crazy priced. They’re started to fade out now. Personally I think these “Big Social Media Influencers” have a lot to do with it. Everyday there’s something new… not many people can have the new “IT” bag from each designer 🥵 or a tank top for £1,700 … I’d rather spend that luxury money on a second hand bag. Gah! I could go on 😅😅 Great Video as per usual 💜🥰
That Chanel price increase was paying for they very expensive Hollywood stars in that ad.
Sharehold value is why they have to constantly grow.
I’m a quality seeker, timeless chic and mindful minimalist 😄
But I am done with luxury bags now. These prices are way beyond anything I can justify in good conscience. If they don’t want my money anymore, fine by me. I will enjoy the things I already have. MAYBE I will still look at Celine and Loewe.
I think the worst thought that I have is that maybe there is a big jump in income in the well healed customer. The aspirational customer is being squeezed, but the upper crust customer is actually making more money and so these prices don’t seem to be phasing them. Could be the neo feudalism is starting to kick in.