January is a tough month. It’s cold, it’s dark, you have the whole post-holiday letdown thing going on. If you’re a luxury consumer, you also have to deal with the fact that many brands use the post-holiday lull to sneak in a little annual price increase. In the immediate future, Hermes is the price increase you need to worry about, according to shopping site Mizhattan.

Mizhattan is known for getting this kind of sneaky info on price increases, sample sales and other hush-hush Manhattan retail machinations, and her sources indicate that, starting late next week, Hermes customers can expect storewide prices to increase anywhere from 6% to 10%, depending on the product category. Her source indicates that handbags will be the most affected by the higher prices, and we’re taking that to mean that accessories and leather goods will be closer to the 10% end of the increase spectrum.

The full transition to new price levels should be complete by the end of the month, so if you’ve got a purchase in mind, you might want to hightail it to your local Hermes boutique after work tonight. A 10% price increase would mean approximately an extra $1,000 on the price tags of entry-level leather Birkins and 3,800 extra dollars on the crocodile bag that Hermes currently has for sale on its website.

Hermes, of course, is at the tip-top tier of the luxury handbag market; their customers aren’t price-conscious to begin with, and for many, the extreme dollar amounts are a big part of company’s lure of exclusivity. 10% is a pretty hefty lift, but if you’re a company that does a turn-away business with $10,000 handbags, changing the price to $11,000 probably isn’t going to make that big a difference to those who buy them. There’s likely a price tipping point for Hermes out there somewhere, but I’d be surprised if this is it.

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Share Your Thoughts With Us

  • Dreama Anderson

    prada has raised prices up to 250 on some bags a few days ago.

  • Carmen

    No! At this rate, Hermes will have minimum $20.000 Birkins by the time I’ll be able to afford one. :/

  • Abbi

    I know Megs was itching for a new birkin. I wonder if she’ll pull the trigger!

  • I think it would be wiser for me to refrain on buying new bags and start saving up for a BIRKIN. Its going to be hard but I hope I can pull it off. Wish Me LUCK

  • bulldoglove

    Collier de Chien bracelet in all sliver was £2410 last I check in Aug 2013. Now it is £2790. That’s almost a 16% increase.

  • Livo

    My plan is to have between this year and 2015, my chanel, christan Lady dior and Birkin, but under the condition that they have the colour I want.

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    Cheap Luxury Hermes Bags online sale, lowest price, free shipping on all orders, look at my name ^ ^