Chanel Price Increase AGAIN on March 27, 2024

Yes you read it correctly, CHANEL has sent out an email stating that they are going to be rising prices on certain handbags which will be effective on March 27, 2024. Here is the what was sent out to CHANEL clients:

“Dear CHANEL Client,

As a leading luxury brand, CHANEL regularly adjusts the prices of our products based on various factors such as production costs, materials, and exchange rates. Due to the strong inflation in the price of exceptional noble materials and the increase in the cost of labor for rare and talented Human Resources, we will increase the retail prices of select handbags effective March 27, 2024.

The retail price increase will impact the core styles of our Collection (COL) and Re-order (REV) offers. On March 22, 2024, we will provide a detailed list of the affected styles so all current stock can be re-ticketed on March 25th and March 26th in preparation for the effective date.

Thank you very much for your support and partnership.

Very best,

CHANEL Handbag Merchandising Team”

With that letter being sent out, you have 5 days from today to go to CHANEL and pick up any bag at a reduced rate before the price increase goes into effect on March 27th! While, we don’t recommend running out and purchasing all these bags, if there is one you are eyeing - we then suggest go into the boutique and purchase it NOW!

How do you feel about the latest CHANEL Price Increase?? Do you think they are outpacing themselves against their major competitor Hermes?? COMMENT BELOW!