Wednesday, October 28, 2009

November Chanel Price Increase?

It's almost November and last year that meant a price increase on Chanel bags. Internet rumours are flying that prices are going up 20% on November 1st. A price increase that steep in an unsure retail economy seems drastic. Not sure what to believe we made a few calls asking Chanel sales associates if there was going to be a November 1st price increase.

Independent Chanel boutiques are all in agreement that no price changes are occurring any time soon. Saks and Bergdorf sales women seem sure that price increases are imminent. Are the department stores trying the pressure sell or are they just brave enough to brake the news? We think iit's the potential sale that is pushing the department store sales people but what do yout think?

Madison Avenue Chanel
Betsy 212-535-5505
No, that's not true at all. No way!

Soho Chanel
Erma Store Director 212-334-0055
We haven't been informed of anything. We usually don't get information far in advance but for Nov. 1st I believe we would know about it.

N15 @ 57th St. Chanel
Erman 212-355-5050
No. Not that we know of.

Elmira 212-940-4347
We don't know exactly when, but yeah. Probably everything is going up. Cruise is coming in and handbags are $3000 or $4000. The last time they went up $1000. For the last increase (last year) a bag was $1895 and now it's $2495. Usually "they" come in the morning and just change the prices.

Bergdorf Goodman
Barbara 212- 872-2858
I think it is true. I honestly don't know how much or which styles. I think the caviar classic. I think the caviar jumbo classic is going to be $2825, an extra $175. "They" just come down with the new tickets and change them.

Lisa 212-705-2856
None of ours. We haven't gotten any word of that. Usually it's every two years but no word on that.


Anonymous said...

i am sure its not a price increase but a result of the plunging dollar vs the euro.

Anonymous said...

I could be making this up, but I thought I read an article a few months back that quoted someone at Chanel saying that they were making an effort to not raise prices given the economy. Even LV has not had a price increase lately and sometime they do it twice a year.

Anonymous said...

My source has told me last week that there will be a 15% price increase from 1 Nov 09

Anonymous said...

I went to Chanel Dept. @ Saks fifth yesterday and they still have not increased yet. Also i asked the sales lady there and she just told me normally Chanel will increase the price between Dec. to March. So if anyone want to get it, it's better to get it before this month.