Due to the Corona Pandemic, Prices of Gucci Bags and Other Luxury Brands Rise

Michaelkors Outlet

Fans of the Gucci brand seem to have to be ready to spend more if they want to buy the product from the Italian label. The impact of the Covid-19 corona pandemic, Gucci decided to increase the price for their bag collection.

Classic Flap Bag Chanel
Gucci Handbag

At the start of the pandemic, almost all shops were closed due to lockdown and self-quarantine regulations. Likewise, imports of goods that require long and complicated regulations. Michaelkors Outlet

At the start of the pandemic, almost all shops were closed due to lockdown and self-quarantine regulations. Likewise, imports of goods that require long and complicated regulations.

This has left many fashion industries sprawling, especially the high-end product sector. Not only did Gucci have to work hard to restore sales figures, Chanel and Louis Vuitton were forced to apply price adjustments.

According to a report from analysts at Jefferies, the increase in bag prices will range from five to nine percent for certain types of Gucci bags, such as the Dionysus and Zumi.

This price increase will have an impact in China, Italy and the UK. Previously, the decision to increase the price of goods had been predicted to occur during the corona pandemic. Tas Branded

Cereda analysts said that they were not surprised that a brand with a high market position, such as Gucci, would follow the price adjustment policy. “It is an attempt to reduce income pressure,” he said.

Earlier in May 2020, Chanel announced that it would increase the prices of some of their iconic bags, such as the Boy Bag, Gabrielle, Chanel 11.12, and Chanel 19. This price increase was also a pandemic effect.

Raw materials for the production of premium bags are now rare because many textile factories and leather manufacturers have closed. This causes the price of raw materials to soar that it has an impact on the price of production of goods, including bags, to increase. Sepatu Branded

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