beauty

Thank Michael Kors And Tory Burch For The Rising Price Of Designer Items

March 5, 2014 by Sara Alderman
shefinds | beauty

It’s not just gas and movie tickets that keep getting more expensive, the price of luxury goods is rising too. According to a recent Wall Street Journal article, Chanel quilted bags have gone up in price by 70% over the past five years, the classic Louis Vuitton Speedy bag is 32% more expensive and Jimmy Choo shoes went from $495 to $650.

So what’s going on with these increases? Well, there’s a few theories as to why this is happening. One being that semi-affordable, luxury-ish brands like Michael Kors and Tory Burch are giving high-end designers some serious competition, so they need to raise their prices to show the customer who’s really boss. Another reason is because of rising production costs. These brands need to maintain their luxurious quality, know what we’re sayin’? And that leads us to the last reason, which is prices increasing to make the product more desirable (aka to drive more sales of a fancy pants item). Which is actually backfiring for everyone, from Gucci to Mulberry. But not Chanel, because we will always pay for Chanel.

So basically, there’s no better time than now to get that designer item you always wanted. You never know when the prices will go up ever more! Okay, this is really just our lame excuse to shop, but we’ll take it.

GET THAT PRADA BAG NOW

And don’t forget to check out: celebrity-approved denim for every body type, DANNIJO’s handbag collection and Cara Delevingne’s graphic t-shirts

[Photo: The Glamouri]

 

 

Tags:

News

Author:

Sara Alderman has covered topics from fashion to beauty and beyond.

From Our Partners

Learn more about RevenueStripe...

From Our Partners

Learn more about RevenueStripe...

beauty

Winter Redness And Irritation Are No Match For This Soothing New Kiehl's Masque

Despite the cold, cold weather, my skin hasn't really ...

beauty

Just Launched At Space NK: Best-Selling Natural Hair Care Brand, Briogeo

Between the cold, dry air and itchy hats and scarves, ...

beauty

ban.do and Benefit Teamed Up On An Inspiring New 'Boss Brows' Product Line

Here's an inspiring new collab you shouldn't miss: ...

beauty

This $12 Wrinkle Cream Is So Good--It *Really* Works!

If you want to keep your skin looking and feeling ...

beauty

This Overnight Lip Mask Is *The Best* Treatment For Dryness And Flaking

I'm lucky to be blessed with pretty full lips, ...

LOAD MORE
+
LOAD MORE POSTS