Creed Price Hike in August

    Creed Price Hike in August

    post #1 of 86
    Thread Starter 
    My SA told me that the 4oz are going to 330 and the 2.5 to 280.

    I remember back in my day when the 4oz was 280.

    I however didn't get any word on the Flaccons or 1.7. Does anyone have any word on this or confirmations?
    post #2 of 86
    I remember when 4oz was $180. The first price jump I recall was when VIW came out as I had pre-ordered it and noticed it was over $200 ($220, I think).
    post #3 of 86
    Quote:
    Originally Posted by LiteEmUpGoodView Post

    My SA told me that the 4oz are going to 330 and the 2.5 to 280.

    well the 4oz is already $315, so not a huge hike there. but they are really pricing the 2.5 out of existence! $50 for 60% more juice.

    still, it's terrible strategy for Creed. almost any hobbiest/collector gets their mainstream Creeds from the grey market for less than half. hiking their retail prices in order to capture some of this lost revenue will only compound the problem. they need to tighten up their distribution and wholesalers.

    post #4 of 86

    this won't affect me as i get my creeds through grey market.

    post #5 of 86

    i would never pay $330 + tax for a creed

    post #6 of 86

    they still make loads of money even with the grey market stuff

    post #7 of 86

    I never understood the price difference between the 2.5 and the 4 oz bottles. As you said, $50 for 60% more juice, so why bother with the 2.5 oz? It always seemed like a useless strategy to price them this way. I can't help but think this will catch up with Creed.

    post #8 of 86
    Thanks for the info! Also, good point Casablancas
    post #9 of 86
    Quote:
    Originally Posted by greekyogurtView Post

    I never understood the price difference between the 2.5 and the 4 oz bottles. As you said, $50 for 60% more juice, so why bother with the 2.5 oz? It always seemed like a useless strategy to price them this way. I can't help but think this will catch up with Creed.

    Because the juice is cheap to make. 1.7 oz of fragrance in and of itself doesn't cost more than $50. It's the same logic when fast food restaurants want to supersize your food for just 30 more cents.

    The cost goes to the salaries, benefits of the employees, rent, tax and operation cost.

    post #10 of 86
    Quote:
    Originally Posted by noirdrakkarView Post

    Because the juice is cheap to make. 1.7 oz of fragrance in and of itself doesn't cost more than $50. It's the same logic when fast food restaurants want to supersize your food for just 30 more cents.

    The cost goes to the salaries, benefits of the employees, rent, tax and operation cost.

    Big difference between 30 cents and $50. The same logic doesn't apply. If you want the smaller meal for your kid, you're going to buy it regardless of cost. But with Creed perfumes, eventually people will look at the 1 oz and say, "well, that makes sense because it's "travel sized." they'll look at the 4 oz and say, "Yeah, that makes sense, it's going to last me forever." They'll look at the 2.5 oz and say, "why?" They'll stop buying it, Creed will have to stop making it, and people are going to see cuts in their salaries, benefits, while rent, tax, and operation costs rise. Now, if they're keeping this price differential because they want to keep propelling people to the 4 oz size for maximum individual sales profits, then that's fine for a while. Eventually that stops. I think when you start creeping towards $100 an ounce per every 4 ouncer, the strategy has finally reached its limit.

    post #11 of 86
    Quote:
    Originally Posted by greekyogurtView Post

    Big difference between 30 cents and $50. The same logic doesn't apply. If you want the smaller meal for your kid, you're going to buy it regardless of cost. But with Creed perfumes, eventually people will look at the 1 oz and say, "well, that makes sense because it's "travel sized." they'll look at the 4 oz and say, "Yeah, that makes sense, it's going to last me forever." They'll look at the 2.5 oz and say, "why?" They'll stop buying it, Creed will have to stop making it, and people are going to see cuts in their salaries, benefits, while rent, tax, and operation costs rise. Now, if they're keeping this price differential because they want to keep propelling people to the 4 oz size for maximum individual sales profits, then that's fine for a while. Eventually that stops. I think when you start creeping towards $100 an ounce per every 4 ouncer, the strategy has finally reached its limit.

    You're looking at someone else's business from your perspective of what you would personally want rather than what's best for their business and customers as a whole. The price range won't affect much as most of their customers are well to do anyway, and $15 hasn't stopped them from getting more sales before.

    Most businesses try to thin out their product in someway to save money, but Creed would rather increase the price than reduce the quality of their product in any way. As it is a luxury made for people in the upper class (or middle class people who are serious about fragrances) - not the average person.

    30 cents to a $1.50 drink is relatively the same as 50 dollars to a 280 dollar fragrance.

    post #12 of 86
    In a million years I wouldn't spend that much on any Creed. There's some good stuff from the house, but the overall value is not there.
    Edited by aphexacid - 7/17/13 at 11:03am
    post #13 of 86
    Quote:
    Originally Posted by noirdrakkarView Post

    You're looking at someone else's business from your perspective of what you would personally want rather than what's best for their business and customers as a whole. The price range won't affect much as most of their customers are well to do anyway, and $15 hasn't stopped them from getting more sales before.

    Most businesses try to thin out their product in someway to save money, but Creed would rather increase the price than reduce the quality of their product in any way. As it is a luxury made for people in the upper class (or middle class people who are serious about fragrances) - not the average person.

    30 cents to a $1.50 drink is relatively the same as 50 dollars to a 280 dollar fragrance.

    Really? Tell that to Creed's stick deodorant division.

    post #14 of 86

    $330 means nothing to noirdrakkar. I have a $2,100 in bills lying on the table right now and I'm not even going to count all thats on the floor. A $15 price hike is insultingly low. At least hike it up to something that actually matters like maybe $65 dollars or something.

    post #15 of 86
    Quote:
    Originally Posted by noirdrakkarView Post

    $330 means nothing to noirdrakkar. I have a $2,100 in bills lying on the table right now and I'm not even going to count all thats on the floor. A $15 price hike is insultingly low. At least hike it up to something that actually matters like maybe $65 dollars or something.

    $2,100? That's all?

    post #16 of 86
    Quote:
    Originally Posted by greekyogurtView Post

    $2,100? That's all?

    That's nothing to me either. I got like $5000 in bills by my bed and other stacks all over. In fact, I just threw all those hundreds off the keyboard. I don't want to look at that crap. I well exceed the amount the FDIC can insure so I have to store the rest in my house. And it's not easy finding a place to store all that.

    post #17 of 86
    Quote:
    Originally Posted by noirdrakkarView Post

    That's nothing to me either. I got like $5000 in bills by my bed and other stacks all over. In fact, I just threw all those hundreds off the keyboard. I don't want to look at that crap. I well exceed the amount the FDIC can insure so I have to store the rest in my house. And it's not easy finding a place to store all that.

    Right.

    7/16/13 at 6:35pm

    LiteEmUpGood said:



    My SA told me that the 4oz are going to 330 and the 2.5 to 280.

    I remember back in my day when the 4oz was 280.

    I however didn't get any word on the Flaccons or 1.7. Does anyone have any word on this or confirmations?

    7/16/13 at 6:38pm

    The Bark said:



    I remember when 4oz was $180. The first price jump I recall was when VIW came out as I had pre-ordered it and noticed it was over $200 ($220, I think).

    7/16/13 at 7:04pm

    Casablancas said:



    Quote:
    Originally Posted by LiteEmUpGoodView Post

    My SA told me that the 4oz are going to 330 and the 2.5 to 280.

    well the 4oz is already $315, so not a huge hike there. but they are really pricing the 2.5 out of existence! $50 for 60% more juice.

    still, it's terrible strategy for Creed. almost any hobbiest/collector gets their mainstream Creeds from the grey market for less than half. hiking their retail prices in order to capture some of this lost revenue will only compound the problem. they need to tighten up their distribution and wholesalers.

    7/16/13 at 7:06pm

    noirdrakkar said:



    this won't affect me as i get my creeds through grey market.

    7/16/13 at 7:07pm

    euge said:



    i would never pay $330 + tax for a creed

    7/16/13 at 7:10pm

    euge said:



    they still make loads of money even with the grey market stuff

    7/16/13 at 7:12pm

    greekyogurt said:



    I never understood the price difference between the 2.5 and the 4 oz bottles. As you said, $50 for 60% more juice, so why bother with the 2.5 oz? It always seemed like a useless strategy to price them this way. I can't help but think this will catch up with Creed.

    7/16/13 at 7:16pm

    foughare said:



    Thanks for the info! Also, good point Casablancas

    7/16/13 at 7:16pm

    noirdrakkar said:



    Quote:
    Originally Posted by greekyogurtView Post

    I never understood the price difference between the 2.5 and the 4 oz bottles. As you said, $50 for 60% more juice, so why bother with the 2.5 oz? It always seemed like a useless strategy to price them this way. I can't help but think this will catch up with Creed.

    Because the juice is cheap to make. 1.7 oz of fragrance in and of itself doesn't cost more than $50. It's the same logic when fast food restaurants want to supersize your food for just 30 more cents.

    The cost goes to the salaries, benefits of the employees, rent, tax and operation cost.

    7/16/13 at 7:20pm

    greekyogurt said:



    Quote:
    Originally Posted by noirdrakkarView Post

    Because the juice is cheap to make. 1.7 oz of fragrance in and of itself doesn't cost more than $50. It's the same logic when fast food restaurants want to supersize your food for just 30 more cents.

    The cost goes to the salaries, benefits of the employees, rent, tax and operation cost.

    Big difference between 30 cents and $50. The same logic doesn't apply. If you want the smaller meal for your kid, you're going to buy it regardless of cost. But with Creed perfumes, eventually people will look at the 1 oz and say, "well, that makes sense because it's "travel sized." they'll look at the 4 oz and say, "Yeah, that makes sense, it's going to last me forever." They'll look at the 2.5 oz and say, "why?" They'll stop buying it, Creed will have to stop making it, and people are going to see cuts in their salaries, benefits, while rent, tax, and operation costs rise. Now, if they're keeping this price differential because they want to keep propelling people to the 4 oz size for maximum individual sales profits, then that's fine for a while. Eventually that stops. I think when you start creeping towards $100 an ounce per every 4 ouncer, the strategy has finally reached its limit.

    7/16/13 at 7:28pm

    noirdrakkar said:



    Quote:
    Originally Posted by greekyogurtView Post

    Big difference between 30 cents and $50. The same logic doesn't apply. If you want the smaller meal for your kid, you're going to buy it regardless of cost. But with Creed perfumes, eventually people will look at the 1 oz and say, "well, that makes sense because it's "travel sized." they'll look at the 4 oz and say, "Yeah, that makes sense, it's going to last me forever." They'll look at the 2.5 oz and say, "why?" They'll stop buying it, Creed will have to stop making it, and people are going to see cuts in their salaries, benefits, while rent, tax, and operation costs rise. Now, if they're keeping this price differential because they want to keep propelling people to the 4 oz size for maximum individual sales profits, then that's fine for a while. Eventually that stops. I think when you start creeping towards $100 an ounce per every 4 ouncer, the strategy has finally reached its limit.

    You're looking at someone else's business from your perspective of what you would personally want rather than what's best for their business and customers as a whole. The price range won't affect much as most of their customers are well to do anyway, and $15 hasn't stopped them from getting more sales before.

    Most businesses try to thin out their product in someway to save money, but Creed would rather increase the price than reduce the quality of their product in any way. As it is a luxury made for people in the upper class (or middle class people who are serious about fragrances) - not the average person.

    30 cents to a $1.50 drink is relatively the same as 50 dollars to a 280 dollar fragrance.

    7/16/13 at 7:30pm

    aphexacid said:



    In a million years I wouldn't spend that much on any Creed. There's some good stuff from the house, but the overall value is not there.
    Edited by aphexacid - 7/17/13 at 11:03am

    7/16/13 at 7:32pm

    greekyogurt said:



    Quote:
    Originally Posted by noirdrakkarView Post

    You're looking at someone else's business from your perspective of what you would personally want rather than what's best for their business and customers as a whole. The price range won't affect much as most of their customers are well to do anyway, and $15 hasn't stopped them from getting more sales before.

    Most businesses try to thin out their product in someway to save money, but Creed would rather increase the price than reduce the quality of their product in any way. As it is a luxury made for people in the upper class (or middle class people who are serious about fragrances) - not the average person.

    30 cents to a $1.50 drink is relatively the same as 50 dollars to a 280 dollar fragrance.

    Really? Tell that to Creed's stick deodorant division.

    7/16/13 at 7:35pm

    noirdrakkar said:



    $330 means nothing to noirdrakkar. I have a $2,100 in bills lying on the table right now and I'm not even going to count all thats on the floor. A $15 price hike is insultingly low. At least hike it up to something that actually matters like maybe $65 dollars or something.

    7/16/13 at 7:39pm

    greekyogurt said:



    Quote:
    Originally Posted by noirdrakkarView Post

    $330 means nothing to noirdrakkar. I have a $2,100 in bills lying on the table right now and I'm not even going to count all thats on the floor. A $15 price hike is insultingly low. At least hike it up to something that actually matters like maybe $65 dollars or something.

    $2,100? That's all?

    7/16/13 at 7:43pm

    noirdrakkar said:



    Quote:
    Originally Posted by greekyogurtView Post

    $2,100? That's all?

    That's nothing to me either. I got like $5000 in bills by my bed and other stacks all over. In fact, I just threw all those hundreds off the keyboard. I don't want to look at that crap. I well exceed the amount the FDIC can insure so I have to store the rest in my house. And it's not easy finding a place to store all that.

    7/16/13 at 7:45pm

    greekyogurt said:



    Quote:
    Originally Posted by noirdrakkarView Post

    That's nothing to me either. I got like $5000 in bills by my bed and other stacks all over. In fact, I just threw all those hundreds off the keyboard. I don't want to look at that crap. I well exceed the amount the FDIC can insure so I have to store the rest in my house. And it's not easy finding a place to store all that.

    Right.





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