The weakening USA dollar is affecting consumers ability to buy designer handbags! If you try to purchase a Prada, Yves Saint Laurent, or Bottega Veneta designer bag online at luxury stores (Saks Fifth Avenue, Neiman Marcus, etc.), you are informed that they will not sell you more than 3 handbags every 30 days.
The rationale behind this policy is that foreign buyers will take advantage of the weakened US dollar against the Euro and buy designer bags to sell in Europe or Asia. For example, someone could buy a Yves Saint Laurent Downtown handbag at $1,495 each. These same bags sell for about $1,796 in London.
It is not acceptable to handbag companies to have additional bags for sale competing with them because they are trying to break into European markets by opening expensive new stores. If entrepreneurs are buying the bags in America and selling in competition with these new stores with better pricing, why shop the expensive designer boutique?
This policy of limiting purchases is now happening not only online, but in stores such as Saks Fifth Avenue. The purchases are being reviewed on a case-by-case bases and, if there is any question, the buyer is limited in how many bags they may buy.
None of the designer handbag companies would speak on the record about this new policy.
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