In regards to the increased retail prices, i know RL sought to become more luxury and less name brand. I have learned in many retail spaces, like clothing. It is easier to make less of a high priced item and charge way more than to make more of the same item and charge less. Even though there are less people who can afford high prices, they don’t usually need to bargain hunt. Especially with RL reputation and time in the market. RL probably makes comparably the same profit but the fomo can fuel the sales of the remainder of those same items, which they probably drop to a more suitable “retail” price.
I really enjoy the brand and it is my go to, but I’m a discount shopper with them mostly now.