By the end of January, most Hermés products will increase in price by 5-10%. PurseBlog reports that prices will go up starting next week with ready-to-wear, followed by gloves and hats on January 20, bags on January 28, homewears on January 30 and silk in February. Apparently, it’s kind of a tradition for the brand to raise its prices around this time of year–prices rose 6-10% last year and 7-10% the year before that. The reason for the price hike? To maintain that air of exclusivity (of hand painted bags for reality stars).
So FYI, get your Hermés shopping done before New Year’s from now on.
[Photo: Damsel In Dior]