Late last week, Business of Fashion reported that Gucci had increased some of its purse costs by up to 9 percent worldwide. Though Chanel’s official announcement adamantly expressed its growth wasn’t due to this current world events, experts say that most cost increases are a direct consequence of the effect of the COVID-19 pandemic, even as hard-hit luxury brands try to recover from months of store closures and much more.
Luxury fashion plays a huge role in markets around the world, and it’s unsurprising to find another cost increase from a key player in the industry. The BoF post reported that luxury goods analyst Flavio Cereda examined costs in various nations of two important styles–the Dionysus and the Zumi–and found that prices increased anywhere from 5 to 9 percent based on the nation.
The increase has definitely taken hold in the US as well, though it’s unclear whether it has been fully enacted yet, as Gucci bags for sale seem to have been affected and many others not too much. The GG Marmont small matelassé shoulder bag has increased in cost to $2,100 from $1,980, although some retailers such as Net-a-Porter and Nordstrom (price matched) are still listing the old cost. Other sizes in the Marmont line seem to have seen gains as well enjoy the miniature Marmont, which currently costs $1,980 versus $1,890 (Net-a-Porter is still showing the old cost if you are curious ).
While the Dionysus, Marmont, Horsebit and Sylvie lines also saw price increases from what we discovered, it appears that the beloved Gucci handbag Soho Disco has yet to find an increase in the united states, though forum members have reported seeing one in Europe already, so if that tote is on your listing today might be the time to snag it! For comparisons benefit some of the cost increases we discovered are listed below. Have you ever noticed increases on a bag you are lusting after?