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Rumor: Chanel Bags May Undergo a Price Increase Next Month

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Following the recent 20-percent price hike on classic Chanel bags throughout Europe, Madison Avenue Spy reports that now a similar increase will occur here in the states. As early as August 1, department stores and Chanel boutiques across the country may start selling the iconic Reissue, for example -- currently retailing for $3600 -- for as much as $4100.

MAS surveyed Chanel stockists throughout the city, and got a fairly vague set of responses (though none were denials), with the exception of a salesperson at Bergdorf Goodman, who confirmed the pending increase.

We too called some vendors throughout the city and got similarly ambiguous answers, ranging from "It's just a rumor. We have no official news," from a salesperson at the Chanel boutique on 57th Street, to "We have no information and won't until it happens," from Elmira, a Chanel salesperson at Saks Fifth Avenue.

However another salesperson at Bergdorf did affirm that yes, a price hike is imminent and inevitable: "There was an increase in France, July 1. There's definitely going to be an increase, maybe about 20 percent, but we don't know the exact date. Pretty soon, though."

Related Topics Chanel, Handbags, International
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