I've been on the hunt for this bag for months. MK stores, eBay, dept stores, everywhere. I saw it maybe a year ago and then it disappeared to be replaced by the open top with middle compartment which didn't do it for me. I called the brand new Factory Store in the Carousel Mall in Syracuse and they described this bag to me and I still didn't believe it existed. I did the 3 hour drive from Ottawa yesterday and there it was. They had a special on for 20% off a $250 purchase so I picked up the matching wristlet as well as was out the door at $228.
In case anyone is wondering how this differs from the Macy's Exclusive, it's a bit bigger and has the lighter handles (the Macy's has luggage color handles). I actually like the lighter handles because it looks more like the Totally. It's also more functional than the Totally - the inside has 4 slip pockets and and huge zip pocket in the side. The Macy's Exclusive is $248, this one was $198.
I love that the monogram on this is so muted and not at all in-your-face.
I love the muted monogram as well. I was very anti-monogram anything until I got different tote with the same print. MK also is excellent because of all the pockets he put in the bags :) One for a phone, one for my camera, one for my lipgloss, etc LOL.