How luxury brands are the prices increased by 60% in a decade "to raise their attractiveness"

Discount Louis Vuitton In 13 years, the price for a Hermes Kelly bag jumped $ 4.800 to $ 7.600. And in ten years increased famous Manolo Blahnik Carrie Bradshaw in price from $ 485 to $ 755 The cost of luxury goods increased by 60per cent in a decade, according to the U.S. Bureau of Labor Statistics. And while many people in the industry, the rising cost of raw materials such as crocodile leather blame, others say the increase designers to increase clean "their attractiveness. According to the Business of Fashion, a fashion house Burberry is to increase the prices in March were to win new wealthy customers for more "exclusive" products. Take for some brands to consider with seasonal discounts is another factor in the rising cost of retail. "Marks of designers who are forced to finally be on sale again, the prices artificially high to meet the pressure on margins," said Matthew Walker, CEO creatures of the wind, and the former president of the series. While some luxury brands such as Hermes and Louis Vuitton, not neglecting, many do. Prada, Alexander Wang, Isabel Marant and even Celine will mark the product "last season, liquidate stocks. New York retail consultant Robert Burke stated, "biggest fear is to have to select a brand of doing things." Savvy shoppers know that offer three months after the first drop of new products, retailers up 70per cent off by exclusive and often inaccessible consciously $ 1.400 stilettos much more "reasonable" $ 300. "The people who really stand on the edge of the fashion season can [price], but many people expect buy discounts", the journalist Ellen Ruppel Shell, author of Cheap said: The High Cost of Discount Culture. But the prices rapidly growing luxury goods can also be due to the fact that there are more people who can afford the high costs are attributed. The number of high net worth individuals in the world rose by 9.2per cent in 2012 to 12 million people, according to a report by Capgemini, a consulting firm management. More high-net-worth individuals living in North America and around the world (3.73million people, an increase of 11.5 percent over the previous year), but the number of wealthy people in the Asia-Pacific region increased by the same period 3.68million. "These are people who have their jets leather Hermes and Loro Piana Vicuna have equipped., If the demand is there, brands will continue to rise," Burke said. In fact, e-commerce site Net-a-Porter currently has more than 100 pairs of shoes over $ 1,000 prizes, and two pairs of Christian Louboutins that exceeds $ 6,000. And while the U.S. inflation is the price index for consumption increased by 27per cent in a decade, according to the U.S. Bureau of Labor Statistics, the price of luxury goods by 60per cent. "The question is, how high is high? Said Mr. Burke.Discount Gucci