Telfar's New Pricing Model Lets Customer Demand Drive Cost

The New York-based fan-favorite tote bag, Telfar -- also dubbed as the "Bushwick Birkin," is set to launch a new pricing strategy for its upcoming collection.Business of Fashion reported that Telfar is looking to set a new pricing strategy solely based on customer demand. This means that by allowing the cost to be driven by consumer demand, prices are essentially determined after the collection drops. The prices of the items will start to increase from the wholesale price up to the retail price....