Rolex increases prices annually due to rising material and production costs. 2024 price increase is 4%, with steel models up 2-3%, precious metals 4-7%. Economy has stabilized since 2022, affecting prices more than 2023
Hermès started price increases in US clients early January 2024. Zip Carabine Bag leads US price hike with 10.20% increase. Prices increased across leather goods, shoes, and ready-to-wear
SGF faced slow year in 2024 despite lean operations. Company plans temporary closure starting December 30, 2024. All products will go to Out Of Stock status during closure
Price increases are normal part of business growth. Inform customers in advance to avoid losing loyalty. Keep letters short, no more than a few paragraphs. Use personalized approach and customer names
Phillips curve shows inverse relationship between inflation and unemployment. Curve is drawn as downward sloping smooth line with inflation on x-axis. Government aims for low unemployment and inflation, but these are conflicting
Formal communication notifying customers about upcoming price changes. Helps maintain transparency and trust with customers. Provides clear timeline for new rates' implementation