I guess raising the price of loafers from 670 to 990 a pair over 2 years didn’t turn out to be a winning long term strategy after all. Now they’ll look cheap and undesirable if they lower prices. They’re not recovering any time soon.
Ditto. Now Gucci and other luxury brands increased their SAME EXACT products by more than +60% and then the problem is that replicas are now so popular and so well done, that these brands have lost their "exclusivity & scarcity".
No Gucci consumer wants it to become Hermès. Gucci’s offerings are overpriced by 30-40%. They increased prices too fast, like many other luxury brands, but they don’t have the brand equity to do so without affecting sales.
Its sad. Gucci loafers went from 550 to 900 usd. For no reason ! Meanwhile dries van noten has no issues selling his ready to wear with no promotion or advertising.
@@apt62 I doubt that. The report is based on actual statistics. Nobody is buying Gucci. Millionaires are frugal with their money. Ferragamo always been the hotter loafer. His shoes have consistently been hard to score. Especially on sale.
I’ll ONLY shop at the Palm Springs Gucci outlet now……PERIOD. I saw the $1,200 boots, and $3,000 hoodie I paid full price HALF OFF at the outlet. Now I go late January once a year to Palm Springs to buy. The rest of the year I ONLY window shop.
Alessandro was such an extreme maximalist , and Sabato is such a minimalist, so the clients are having a hard time adjusting to the new aesthetic . The transition will be a bumpy ride.
No wonder, by increasing to insane prices, I bough a shoe in 2021 for 620€ and now the same shoe is about 950€ and over, then their Fashion can't be wore, only clowns could go on the streets dressed like that. They had Tom Ford and lost him...Too bad for them, none of their designers have Tom Ford unique class
I feel for them. Missing out on billions. My heart breaks...... Whatever Gucci was a fluke. It was Alessandro Michele who gave them a shot in the arm but greedy Kering wanted more and lost him. It's not our problem really is it. I remember when COVID kicked in and all these huge companies were struggling. Made me realise when things get tough in the world, bags and shoes are not that important. Maybe they need to manage their finances and expectations of brands better.
They are also which is why the price increases were announced as stopping for awhile. Besides you can’t alienate an entire customer base and think you won’t suffer for it. The 1% that they want to walk in the door is nice but they aren’t keeping the lights on and paying the rent. The customer base you just labeled “aspirational “ and made it impossible to shop your brand did. Salaries didn’t increase with inflation so this is a bad strategy that they are ALL paying for right now. They gambled and gambled WRONG.
Gucci loafers went from 900 to 3000k. Also lets talk about brands are opening to many locations , noticeable cutting quality on certain goods and raising prices to high
Yeah, the exclusivity and scarcity are gone, plus replicas everywhere. Gucci among other brands are now for the masses. Hopefully brands like Cucinelli or Loro Piana remain true to their mission.
Normalize the pricing and the sales will go up. Gucci tried the same price gouging that Chanel does and it’s not working for them. Pay attention to the fluctuating price of the classic Gucci loafer. It’s the perfect reflection of unnecessary inflation.
No it will not. All brands raise prices. Gucci is just not recognized on same level of better names like Chanel or LV. They failed to create the brand image
To saw the new collection. It looks beautiful. Very chic and wearable. Similar to the Tom Ford days. It is doing very well in NYC. Like it was said in the video, l don't know if the new collection has been fully rolled out to all of the stores yet which is silly. I know a few stores in the midwest didn't have it yet and the SA's were not happy about it. This was maybe 3 weeks ago. Hopefully they have it now.
Over the years, they have tainted their horsebit, bamboo, floral and VRV touches with nothing but designs catered to cheap influencers and tasteless models. The Italian fashion house needs to go back to its core. I've lost respect for what used to be the epitome of high fashion. Ugh
When Gucci changed designers they changed the entire concept and aesthetic. Gucci changed the aesthetic of the design of their clothes. They need to complete the rebranding to ensure that even the decor of their stores are changed to match the change in designers.
At 51 I struggle to order anything from them, 5 years ago I would buy T shirts, polo shirts, shirts and trainers but now I’m not sure who the target market is and if they have enough disposable income.
I love Gucci ready-to-wear, but I bought these pants that (my fault) were unlined and turned out to be incredibly itchy. I contacted Gucci in person and via email. They basically told me to take it to the cleaners and /or there's nothing they can (will) do. For the price of the garment, I was very disappointed in 1. the quality, 2. the option they provided to remedy this and 3. quality - a wool pant from Gucci should have been lined in silk or high quality material. This was my mistake and I'm just one person, but I'd likely not shop at Gucci again in the future.
Many people are turned off by luxury. I’ve been buying luxury since 2007 and prices are out of control, the buying experience is awful and the quality is going downhill.
I blame the new creative director….. the new SS24 collection is a real snooze fest! Miu miu new collection; however, is a super cute, funky preppy style!
What are you talking about? Poor people wear more Gucci than the wealthy. Poor people buying with money they don't have (credit card) or poor people buying replicas. In a nutshell, Gucci is a brand for the masses.
Please consider to revisit your 1990 glory days. I would pay $3K for a plain camel backpack with bamboo handles rather than a monogram bag with donald duck design!
Hated the previous Gucci designer. Creative Director. Color blind he was. Awful colors. Awful altogether. Hopefully this new designer/director is better. Is not color blind.
I guess raising the price of loafers from 670 to 990 a pair over 2 years didn’t turn out to be a winning long term strategy after all. Now they’ll look cheap and undesirable if they lower prices. They’re not recovering any time soon.
Exactly my expreience, this is my comment
Dries Van Noten is the new Gucci. He been that guy. Gorgeous clothes at a fair price.
But they want to sell to the ultra rich lol. So like 20 thousand people? lol
Ditto. Now Gucci and other luxury brands increased their SAME EXACT products by more than +60% and then the problem is that replicas are now so popular and so well done, that these brands have lost their "exclusivity & scarcity".
Exactly they pushed too far
No Gucci consumer wants it to become Hermès. Gucci’s offerings are overpriced by 30-40%. They increased prices too fast, like many other luxury brands, but they don’t have the brand equity to do so without affecting sales.
Aww, poor Gucci. They are losing sales and profits. How are they going to survive? 🤦♀️
This affects us peons how?
Its sad. Gucci loafers went from 550 to 900 usd. For no reason ! Meanwhile dries van noten has no issues selling his ready to wear with no promotion or advertising.
Even though the sales are down 20% but a single item price went up 30% so they are still making record profits.
@@apt62 I doubt that. The report is based on actual statistics. Nobody is buying Gucci. Millionaires are frugal with their money. Ferragamo always been the hotter loafer. His shoes have consistently been hard to score. Especially on sale.
I’ll ONLY shop at the Palm Springs Gucci outlet now……PERIOD. I saw the $1,200 boots, and $3,000 hoodie I paid full price HALF OFF at the outlet. Now I go late January once a year to Palm Springs to buy. The rest of the year I ONLY window shop.
Gracias por el dato; me daré una vuelta.
Alessandro was such an extreme maximalist , and Sabato is such a minimalist, so the clients are having a hard time adjusting to the new aesthetic . The transition will be a bumpy ride.
No wonder, by increasing to insane prices, I bough a shoe in 2021 for 620€ and now the same shoe is about 950€ and over, then their Fashion can't be wore, only clowns could go on the streets dressed like that. They had Tom Ford and lost him...Too bad for them, none of their designers have Tom Ford unique class
I feel for them. Missing out on billions. My heart breaks...... Whatever
Gucci was a fluke. It was Alessandro Michele who gave them a shot in the arm but greedy Kering wanted more and lost him.
It's not our problem really is it. I remember when COVID kicked in and all these huge companies were struggling. Made me realise when things get tough in the world, bags and shoes are not that important. Maybe they need to manage their finances and expectations of brands better.
I would prefer LVMH losing sales.
They are also which is why the price increases were announced as stopping for awhile. Besides you can’t alienate an entire customer base and think you won’t suffer for it. The 1% that they want to walk in the door is nice but they aren’t keeping the lights on and paying the rent. The customer base you just labeled “aspirational “ and made it impossible to shop your brand did. Salaries didn’t increase with inflation so this is a bad strategy that they are ALL paying for right now. They gambled and gambled WRONG.
We need TOM FORD back. When Gucci was glamorous
Tom is long gone. He sold his eponymous brand. I hate when they do that.
@@carsondouglas8600Me too he sold to quickly
Agree!
that's right. gucci USED TO BE glamorous
Gucci loafers went from 900 to 3000k. Also lets talk about brands are opening to many locations , noticeable cutting quality on certain goods and raising prices to high
Yeah, the exclusivity and scarcity are gone, plus replicas everywhere. Gucci among other brands are now for the masses. Hopefully brands like Cucinelli or Loro Piana remain true to their mission.
@@sak_5true
too many gucci fakes
Made in China
Normalize the pricing and the sales will go up.
Gucci tried the same price gouging that Chanel does and it’s not working for them.
Pay attention to the fluctuating price of the classic Gucci loafer.
It’s the perfect reflection of unnecessary inflation.
No it will not. All brands raise prices. Gucci is just not recognized on same level of better names like Chanel or LV. They failed to create the brand image
To saw the new collection. It looks beautiful. Very chic and wearable. Similar to the Tom Ford days. It is doing very well in NYC. Like it was said in the video, l don't know if the new collection has been fully rolled out to all of the stores yet which is silly. I know a few stores in the midwest didn't have it yet and the SA's were not happy about it. This was maybe 3 weeks ago. Hopefully they have it now.
Hated the previous Gucci Creative Director/Designer. Awful. Color blind he was. Truly. Hopefully they will be better now. Hopefully not color blind.
In the Philippines, heavily endorsed by "influencers" and celebrities. No, thank you.
Over the years, they have tainted their horsebit, bamboo, floral and VRV touches with nothing but designs catered to cheap influencers and tasteless models. The Italian fashion house needs to go back to its core. I've lost respect for what used to be the epitome of high fashion. Ugh
When Gucci changed designers they changed the entire concept and aesthetic.
Gucci changed the aesthetic of the design of their clothes. They need to complete the rebranding to ensure that even the decor of their stores are changed to match the change in designers.
Why does it say 1Q? Do they mean Q1?
first quarter. January, February, March
It’s meant to be Q1
At 51 I struggle to order anything from them, 5 years ago I would buy T shirts, polo shirts, shirts and trainers but now I’m not sure who the target market is and if they have enough disposable income.
I love Gucci ready-to-wear, but I bought these pants that (my fault) were unlined and turned out to be incredibly itchy. I contacted Gucci in person and via email. They basically told me to take it to the cleaners and /or there's nothing they can (will) do. For the price of the garment, I was very disappointed in 1. the quality, 2. the option they provided to remedy this and 3. quality - a wool pant from Gucci should have been lined in silk or high quality material. This was my mistake and I'm just one person, but I'd likely not shop at Gucci again in the future.
Just increase the production in their sweatshops and sell them in discount.
😂LOL 😂
The styles and colors are atrocious
WOW woman in red shirt has HORRIBLE DICTION!
High price for bad taste in design. They need to bring back the classic Gucci signature to get back on their feet
Many people are turned off by luxury. I’ve been buying luxury since 2007 and prices are out of control, the buying experience is awful and the quality is going downhill.
Wonder why…who the heck wants to wear those clothes???
The Gucci in Cabazon outlet is always busy. I was there and there was a waiting line yesterday.
Maybe Gucci, needs to bring me into the company....
Ok 👏🏾
I blame the new creative director….. the new SS24 collection is a real snooze fest! Miu miu new collection; however, is a super cute, funky preppy style!
Japan one county alone carries 7% of their group think about that
What about competition from LVMH? They own a more diversified portfolio of brands giving them more revenue streams even in weak times.
LVMH is a much better stock to own
@@Futurama10000 Not necessarily.. it's also more expensive. You know.. market equilibrium!
Gucci need TOM FORD
Lol facts ! Michele is over.
"You know", how many times she said it. The more she said, the more she does not know what is going on.
It's not her first language.
She is French … do you know more than one more language to begin with ?
CCP:"Our counterfeit products sales skyrocketting! Time to make massive High end counterfeit products & make them bankrupt!"
Of course it is These designer brands are dam expensive the aversge person can’t afford those prices
The design direction Gucci has taken is odd and mediocre.
Poor people can't afford their Gucci😢
What are you talking about? Poor people wear more Gucci than the wealthy. Poor people buying with money they don't have (credit card) or poor people buying replicas. In a nutshell, Gucci is a brand for the masses.
I would never pay 10 grand for any bag it’s a bag it’s not a car or a home
Time foe these luxury brands to get exposed like Puff Daddy!
Hapo sawa.
It just isn’t worth it
Why would you warn gucci? Do u want to be paid? Lol
Yeah. That’s it. We are all just waiting for the new collections to drop 🤣
They are raising prices likd you and I drink water
Please consider to revisit your 1990 glory days. I would pay $3K for a plain camel backpack with bamboo handles rather than a monogram bag with donald duck design!
Well said, very good point!
Valentino will be their new golden child They plan to make it a Dior competitor
Hated the previous Gucci designer. Creative Director. Color blind he was. Awful colors. Awful altogether. Hopefully this new designer/director is better. Is not color blind.
The reality is the world outgrew a brand that didn’t grow with them.
Gucci. Lol. Its just crap.
Perhaps we can find reporters w stronger English skills.
you know
That’s what happens when you part Ayr’s with your best designer in 15 years.
Asia is a big part of any clothing designer’s wish for profits for their company. Asians love those high end labels. Status symbols they are.
see ya!
Gucci listen to ur consumer
Lower the PRICE !!
We love u … we wanna buy ur product but make it affordable 😅
Gucci who buys that
No brand value, no sustainable performance.
These bags are just not worth it
Gucci is for trying hard people lol
consumer brand
They have ugly designs. They used to have classic and timeless style.
This woman can’t talk very well. She sounded like a high school student.
Boring
Gucci has terrible clothes and bags!! They are overpriced and poor materials and designs! Bring back Tom Ford!!!
Гардрикта мугазот боракта каскрот ияхта гуфраниякта гудракт...
Лартака сток бунданка рок 👍 фияркута бонза бугазотка тутка сияние бухта....
Гуфиниякта гадраст.
Крагунана бракта дриктоскт кубланкт гизания гранкта каринакт габланкта графинкта....
Гугразия мордокрет гудрафолт ияска..
Дранкта гулизгат кадраскта гублана лугарот бензикта кугланкта лигазот трикдрастка..
I only buy gucci on sale--- they price was insane and I would rather buy jewels
I really don't believe people understand the other side to millennials and gen z, not enough equity but carry on luxury
I only buy sale gucci I don’t pay full price so the sales will sadly stay down