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Good Natured Advice Thread (improving a business wardrobe) - Page 1991

post #29851 of 37395
FC poll is up

http://www.styleforum.net/t/505763/the-friday-riot-of-colour-challenge-15th-august-2015/45#post_8048440
post #29852 of 37395
Quote:
Originally Posted by venividivicibj View Post

Carmine price increase is only like $11, no need to rush.

EG increase is ~200, and StC is ~300 if I recall correctly. Damn US retailers

That's not necessarily true for USD. There's a 100 SEK increase on Skoak, but there may be a higher increase for the US Skoak store. With stores like Gentleman's footwear, which sells Carmina for $525 - 15% (roughly $450), my guess is that Skoak will sell Carmina for around $450.

post #29853 of 37395

Also the increase is more for Chukkas and Chelseas.

post #29854 of 37395

doodledoc - so your hypothesis is that Skoak will match other retailers' price points (although they have not in the past) by enacting a more than 30% price increase?  Has anyone at Skoak confirmed this?

post #29855 of 37395
Quote:
Originally Posted by jssdc View Post
 

doodledoc - so your hypothesis is that Skoak will match other retailers' price points (although they have not in the past) by enacting a more than 30% price increase?  Has anyone at Skoak confirmed this?

 

Yes, confirmed.  Skoak has been very transparent throughout the entire process.  Carmina, along with other retailers, are mandating certain retail prices.

 

Quote:
Originally Posted by Leaves View Post

Changes

As many of you already know the non-EU retailers (mainly US and Hong Kong) are feeling very threatened by EU retailers and the weak Euro. This has led them to put a lot of pressure on the manufacturers to protect their markets. Out of respect for these manufacturers we have agreed to make some changes. I will in short explain how these changes will affect our business. If you have already placed an order, we will of course honor this price. New policies will NOT affect a placed order.
 
  1. As a first step we will launch a new Skoaktiebolaget US Store in September– available for US clients only. All prices will be listed in USD. The Skoaktiebolaget US Store will list the final price you will pay – any customs and handling fees are included in the listed price – I want to be very clear in regards of this. We will offer free shipping for any order over $150. In order for us to handle the customs and handling fees for our clients we will have to use FedEx as a courier. I know a lot of you are worried about the customs fees by using FedEx - but as stated above - this will be handled by Skoaktiebolaget.
  2. As a second step we will launch a non-EU store front – the Skoaktiebolaget International Store. The final details in regards of the Skoaktiebolaget International Store will be revealed later – not all makers have formalized a policy yet.
  3. The “old” Skoaktiebolaget web store will be available for EU clients only.


Which manufacturers will be affected?
  • Enzo Bonafé - has clearly said that they do not wish to enforce recommended retail prices. They adopt a free pricing policy for the time being.
  • Carmina – I am waiting for Carmina to formalize their US policy. It is however clear that there will be some kind of increase in price. Most likely the minimum recommended retail price for a pair of Carmina will be around $450-500 USD regardless if it’s through an EU retailer or a local US retailer. It is unclear at this point if an International non-EU policy will follow, but it is highly likely.
  • Edward Green – The US price policy has already kicked in for MTOs - as advertised earlier. Our in-store stock items will see a price increase as soon as we launch our Skoaktiebolaget US Store. For more info in regards of the Edward Green US policy follow this link. It is likely that more limitations, similar to the US policy, will follow internationally.
  • Gaziano & Girling – Tony and Dean has a minimum recommended retail price that all retailers must follow – they have said nothing yet in regards of limitations in the US or elsewhere.
  • Saint Crispin’s – There is a new price policy regarding non-EU orders. We have been allowed a grace period until August 31 for MTOs and our ready-to-wear stock will not change prices until the new US and International store fronts are ready in September. For non-EU orders prices will start at about €1235 / $1400 USD for base styles including hollowed shoe trees.

In short - anyone that wants to take advantage of the old pricing in SEK should do so before the end of August.
post #29856 of 37395
Yikes. I certainly understand their decision, but that is quite rough! I guess in the long run it will balance things out. I appreciate skoaks transparency and their actions to mitigate the effects for US customers (ie free shipping).

I feel like Vass will be an indirect beneficiary of this change. And Enzo Bonafe.
post #29857 of 37395
Quote:
Originally Posted by jssdc View Post
 

doodledoc - so your hypothesis is that Skoak will match other retailers' price points (although they have not in the past) by enacting a more than 30% price increase?  Has anyone at Skoak confirmed this?

Yes,  this is my hypothesis. It's not entirely clear. I am unsure if Skoak will match other retailers' price points, but it will list a US recommended price point from Carmina. I think it won't go up just $11 for Carmina shoes. I say this because of Skoak's original post:

 

"As many of you already know the non-EU retailers (mainly US and Hong Kong) are feeling very threatened by EU retailers and the weak Euro. This has led them to put a lot of pressure on the manufacturers to protect their markets. Out of respect for these manufacturers we have agreed to make some changes. ...

 

Most likely the minimum recommended retail price for a pair of Carmina will be around $450-500 USD regardless if it’s through an EU retailer or a local US retailer."

 

If Skoak only raises its price by $11, wouldn't non EU retailers steel feel very threatened by EU retailers and the weak Euro? For example, stores like Gentleman's Footwear will still be selling Carmina for $450, while SKoak will sell it for $350. Gentleman's Footwear will still feel threatened. 

 

Even though Skoak later said that Carmina shoes will be 3700 SEK (up from 3600 SEK), this is the international Skoak website, not the US website that is coming in September. 50

post #29858 of 37395
Quote:
Originally Posted by doodledoc View Post
 

Yes,  this is my hypothesis. It's not entirely clear. I am unsure if Skoak will match other retailers' price points, but it will list a US recommended price point from Carmina. I think it won't go up just $11 for Carmina shoes. I say this because of Skoak's original post:

 

"As many of you already know the non-EU retailers (mainly US and Hong Kong) are feeling very threatened by EU retailers and the weak Euro. This has led them to put a lot of pressure on the manufacturers to protect their markets. Out of respect for these manufacturers we have agreed to make some changes. ...

 

Most likely the minimum recommended retail price for a pair of Carmina will be around $450-500 USD regardless if it’s through an EU retailer or a local US retailer."

 

If Skoak only raises its price by $11, wouldn't non EU retailers steel feel very threatened by EU retailers and the weak Euro? For example, stores like Gentleman's Footwear will still be selling Carmina for $450, while SKoak will sell it for $350. Gentleman's Footwear will still feel threatened. 

 

Even though Skoak later said that Carmina shoes will be 3700 SEK (up from 3600 SEK), this is the international Skoak website, not the US website that is coming in September. 50

 

All the details are over in the Skoak AF thread.  Price increases for the current website are being implemented effective August 17th.  Shoes will only incur a $11 increase but boots are about $40, etc.

 

A separate US site will be created in September.  Skoak is still awaiting official word from Carmina on the required US prices.  This is when the 'real' price increase will occur.  Skoak was very generous in stating their price will include duties and free shipping to mitigate some of the cost onto the US consumers.

 

IMO, Skoak should be commended for their transparency.  This is not a voluntary price hike.  They provided plenty of advance notice to purchase shoes now, before the increases.

post #29859 of 37395
Quote:
Originally Posted by ellsbebc View Post
 

 

All the details are over in the Skoak AF thread.  Price increases for the current website are being implemented effective August 17th.  Shoes will only incur a $11 increase but boots are about $40, etc.

 

A separate US site will be created in September.  Skoak is still awaiting official word from Carmina on the required US prices.  This is when the 'real' price increase will occur.  Skoak was very generous in stating their price will include duties and free shipping to mitigate some of the cost onto the US consumers.

 

IMO, Skoak should be commended for their transparency.  This is not a voluntary price hike.  They provided plenty of advance notice to purchase shoes now, before the increases.

Yeah, I know about Skoak's post on the AF thread. I was quoting from Skoak's post. Some are saying that prices will increase only by $11, so no rush to buy now. My counter argument is that, by September, it may be more than $11, so maybe you should rush between now and September. 

 

I for example bought a pair of Carmina wingtips as a result of this news.

post #29860 of 37395
I must have misinterpreted your post; I agree. Carry on.
post #29861 of 37395

Assuming that Carmina will now be pegged at/close to Armoury prices, the brand's value proposition will no longer make sense.  In effect, Carmina will be priced at 75% of Vass instead of 85% of Allen Edmonds.  Glad I got in on one GMTO in while I could and wish I could've gotten in on more, but the sub-$450 shoe market is now pretty limited, especially with AE gutting its GMTO program.  

post #29862 of 37395
Thanks for the context, guys - I don't follow the SkoAB thread so I wasn't aware of the details. It seems like Carmina is following the C&J model of implementing price floors to take the brand upmarket. I'm sure they they've done the micro economic analysis to determine that it makes sense, but it's too bad as a consumer. There's definitely a trend of brands consolidating their online footprint (eg G&G essentially getting rid of BE) to reduce price competition. I also appreciate the transparency of Leaves and co.

Looks like Vass is the last frontier of good deals in shoes, and let's hope that Hungarian business practices keep it that way for a while. (And I suppose I'd better get in on the Soak Carmina GMTO while the sun shines)
post #29863 of 37395
Lol. It's because American sellers were losing sales because they refused to lower prices due to the lowered euro/dollar exchange rate, and complained to the shoe companies, and so now the Shoemakers instituted floors so the American sellers don't have to lower their prices.
post #29864 of 37395
Thread Starter 
I'm glad I'm not a shoe guy.
post #29865 of 37395

Come along Clags, shoes, then watches.  Down the hole you go.  You can't be partly lost to SF.  Resistance is futile.

 

Next year you can do guns.  I discovered those threads recently, and that's a whole different kind of nuts.

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