tag:blogger.com,1999:blog-3792393342962796253.post2124577510102274866..comments2024-03-27T09:09:56.489+00:00Comments on Perfume Shrine: The Luxury Market amidst the Recession and Other Bedtime StoriesPerfumeshrinehttp://www.blogger.com/profile/06222733129203280662noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-3792393342962796253.post-23586987445652356522009-02-09T09:46:00.000+00:002009-02-09T09:46:00.000+00:00Dear A,your procastrination proved timely and mind...Dear A,<BR/><BR/>your procastrination proved timely and mind-proding for all of us benefiting from your excellent analysis! (and I know your math is on a par too!)<BR/><BR/>You're absolutely right of course and it makes perfect sense: inflation keep-up (so there is a sense of profit nevertheless) and exchange rates are "naturals", in that I don't believe we actually blame the industry for those Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-87048445919169247702009-02-09T04:40:00.000+00:002009-02-09T04:40:00.000+00:00Oops...a correction on the example above...30% off...Oops...a correction on the example above...30% off of a dress--not a dress for 30% of its original price. (My math isn't that bad.) xDAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-66552421941430203232009-02-09T04:38:00.000+00:002009-02-09T04:38:00.000+00:00Dear Helg,Ironically enough, I'm procrastinati...Dear Helg,<BR/><BR/>Ironically enough, I'm procrastinating from preparing for an economics course...and guess what--I'm reading your post!<BR/><BR/>Quite frankly you did a fairly good job at discussing the issues. (There is a reason why Joy was launched during the great depression.) Still, just to balance out the argument I have to point out a few issues.<BR/><BR/>1. Real Inflation vs. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-34913926617252234602009-02-08T21:42:00.000+00:002009-02-08T21:42:00.000+00:00Anita,you're welcome. It needed to be said, I gues...Anita,<BR/><BR/>you're welcome. It needed to be said, I guess. Thanks for commenting!Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-2464882972203977692009-02-08T21:41:00.000+00:002009-02-08T21:41:00.000+00:00Salaam,thanks for a most interesting and erudite c...Salaam,<BR/><BR/>thanks for a most interesting and erudite comment. Yes, there is a distinction and we;re painfully aware how some of the rich see this as an opportunity for becoming richer. <BR/>May time reward the meritous, is all I can say.Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-55221242765984858092009-02-08T21:39:00.000+00:002009-02-08T21:39:00.000+00:00M,something tells me they have calculated everythi...M,<BR/><BR/>something tells me they have calculated everything and are hoping to "catch us" one way or another.<BR/><BR/>Hey, hope you're having some relief from the heat. It was so sad listening to the news...Hang in there!Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-70585714676244356532009-02-08T15:30:00.000+00:002009-02-08T15:30:00.000+00:00Thanks so much for this fascinating and informativ...Thanks so much for this fascinating and informative article, albeit depressing as well. :)rosaritahttps://www.blogger.com/profile/08543786960335162711noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-22832404843377186542009-02-08T12:32:00.000+00:002009-02-08T12:32:00.000+00:00Maybe a difference is to be made between mass luxu...Maybe a difference is to be made between mass luxury affordable to many and real luxury affordable to only a few.<BR/>there is no doubt that mass luxury market is generating the wealth while real luxury is generating the image.<BR/>the process of cost-cutting on the mass luxury products is part of the construction from the beginning. It will be accelerated because the crisis will hit economicallyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-81391444436971356572009-02-08T04:28:00.000+00:002009-02-08T04:28:00.000+00:00Mmmm. makes one think doesn't it! Yes they may go ...Mmmm. makes one think doesn't it! Yes they may go for cheaper ingrediants but then again - I wonder if they have thought about "volume" in sales. Now , I might just buy one Guerlain bottle instead of two , for I have to cut back on my spending and lets face it Helg - the most money they put into each product is not the contents or the bottle - its the advertising and you know what - I couldn't lady jickyhttps://www.blogger.com/profile/09013352537776588166noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-83552550486401885262009-02-07T23:13:00.000+00:002009-02-07T23:13:00.000+00:00Luxury brands are very "sensitive" to the exchange...Luxury brands are very "sensitive" to the exchange rate fluctuations as well. Chanel raised their prices in UK by 10% in January this year with the excuse that £ is on free fall, yet two weeks later the Bond Street boutique decided not accepting any international orders outside of Europe, so why the price raise...? Also Hermes raised their prices for the scarves by more than 10% during the Elysiumhttps://www.blogger.com/profile/15060128319922702037noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-8854563476178163552009-02-07T18:27:00.000+00:002009-02-07T18:27:00.000+00:00My dearest M,thanks so much and hope you're very w...My dearest M,<BR/><BR/>thanks so much and hope you're very well! How are things?<BR/>Glad I made you giggle. It's really simple. If we refuse to buy at those raised prices, they might get the message after all.Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-28504879302601541662009-02-07T18:26:00.000+00:002009-02-07T18:26:00.000+00:00Awww, kathleen, thank you, I appreciate your kindn...Awww, kathleen, thank you, I appreciate your kindness. <BR/>I'd like to think that we can still articulate some independent voice from consumer to consumer.Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-33091757439322814662009-02-07T18:25:00.000+00:002009-02-07T18:25:00.000+00:00Dearest D, what an interesting question! It is cer...Dearest D, what an interesting question! It is certainly this which has the luxury sector keeping afloat, IMO. Remains to be seen to what extend small luxuries can be sustained at the current rate.Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-62490694522506947902009-02-07T18:14:00.000+00:002009-02-07T18:14:00.000+00:00Donna,you're very welcome, my dear. I fear for tha...Donna,<BR/>you're very welcome, my dear. I fear for that as well, although I am hesitating to assign them such bad intentions. But it does leave one questioning how the operations can continue to be viable. <BR/>Let's hope the situation turns at a reasonable amount of time.Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-88757427124406493792009-02-07T18:13:00.000+00:002009-02-07T18:13:00.000+00:00My dearest I,you flatter me so! It is a sign of th...My dearest I,<BR/><BR/>you flatter me so! It <I>is</I> a sign of the times that we need to dissect them so, I guess. I hope something changes sooner rather than later.Perfumeshrinehttps://www.blogger.com/profile/06222733129203280662noreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-66493076058496609422009-02-07T17:25:00.000+00:002009-02-07T17:25:00.000+00:00Wonderful article Helg. Your last line about 'supp...Wonderful article Helg. <BR/><BR/>Your last line about 'supply and demand' was on the tip of my tongue the entire time I was reading the article. I giggled when I read it.<BR/><BR/>Go 'Team Supply and Demand'! Let's get 'em and STOP buying, I say.<BR/><BR/>:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-7290095641092684832009-02-07T16:21:00.000+00:002009-02-07T16:21:00.000+00:00Thank you for this info, E. chayaruchama said it ...Thank you for this info, E. chayaruchama said it very well, what would we do without you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-65259367487383315792009-02-07T14:19:00.000+00:002009-02-07T14:19:00.000+00:00Thank you so much, dear E, for this piece. I too ...Thank you so much, dear E, for this piece. I too have been following developments in the luxury goods market with interest. I fear Donna is right; cost-cutting is already rampant with many luxury perfume brands seeking low-cost substitute ingredients for their scents in order to ensure their proft margins are maintained, while Hermes (non-perfume) goods reach ever-more stratospheric levels withAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-77651533162623272012009-02-07T12:54:00.000+00:002009-02-07T12:54:00.000+00:00The best economic sources that I've read say that ...The best economic sources that I've read say that this will all get much worse before it gets better. I'm afraid that many of these luxury brands will end up cutting their costs by using cheaper materials and labor in an effort to maintain their profit margins, all the while maintaining their exorbitant prices. It all sounds a lot like the line falsely attributed to Marie Antoinette: "Let them Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3792393342962796253.post-37461129572777183432009-02-07T12:42:00.000+00:002009-02-07T12:42:00.000+00:00Wow.Bless you for your exaustive research on this ...Wow.<BR/>Bless you for your exaustive research on this timely subject, E dear.<BR/>Signs of the times, my love.<BR/><BR/>Anybody tell you lately, how much we appreciate all you do ?chayaruchamahttps://www.blogger.com/profile/04889166567884475415noreply@blogger.com