Chanel Price Increase *please include location*

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#61
I am sad. :sad: Guess I may have to retreat back into loving LV. 22% increase is way too much. Especially in these hard economic times. Can a anyone tell me the increase months and percentages that occured in 2007 (i.e., November '07 by 15%) , and whether it affects the whole line or just a few items? THANKS!
 
#63
I must be slow or something, but how does the price increase stop resellers? Doesn't it it actually help the resellers? If the resellers know about the impending price increase, and they buy all the bags they can, and the Chanel increase their prices, and then resellers now can sell the bags at the new higher prices. That benefits them, no?

Also, I don't understand how the resellers are "greedy?" If they're not crazy purse lovers/addicts like we are, then they're in the business to make profits. That is capitalism. If that makes them greedy, then I guess we're all greedy since we would want to make as much $ as we can in whatever job/career we're in, no? I, for one won't turn down the $ if I get a salary increase at work. LOL.

Sorry, to hijack the thread from the OP. I have not heard of any price increases except for fine jewelry, so I'm still hoping that it is not true!


layla said:
Design houses & retailers loathe the hoarding and reselling of their luxury goods. And I predict they will continue to raise prices as often as they'd like to keep their merchandise out of the hands of the resellers and the gray market. It is my personal belief that Chanel is trying to regain some semblance of control over their goods and the resellers who are buying up all their stock and selling it for a profit. Why wouldn't Chanel want to compete with the greedy tactics of the resellers?

This has gotten so out of hand. Also, it's not a matter of "if" the bag bubble will burst, but when.

I am reminded of the recent lawsuit filed against www.stubhub.com They scalp tickets. It's a grassroots campaign by one woman against the resellers. Of course one has to litigate to affect any change. I, for one, am rooting for the plaintiff.

When will the insanity end?.
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#65
Hi ladies,

i'm new here and this is my 1st post (after going thru pages of threads here .. I've bought my 1st Chanel few wks ago ... the black mini flap ... it's $$ .. but I luv it .. !!!)

regarding the price increase .. I just called the two Chanel places here in Toronto (Chanel store @ Bloor & store in Holt Renfrew) ... the two SA both claim NO price adjustment will take place in Feb ...

the SA @ Holt Renfrew store actually told me they adjusted the price DOWN ...

but whether they're telling the truth ... I've no clue ... (but I'm planning to grab the PST in black HW ... before mth end .. just in case)
 
#66
lum709 said:
Hi ladies,

i'm new here and this is my 1st post (after going thru pages of threads here .. I've bought my 1st Chanel few wks ago ... the black mini flap ... it's $$ .. but I luv it .. !!!)

regarding the price increase .. I just called the two Chanel places here in Toronto (Chanel store @ Bloor & store in Holt Renfrew) ... the two SA both claim NO price adjustment will take place in Feb ...

the SA @ Holt Renfrew store actually told me they adjusted the price DOWN ...

but whether they're telling the truth ... I've no clue ... (but I'm planning to grab the PST in black HW ... before mth end .. just in case)
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Hi Lum709 -- Canada is totally different as retailers have been under increasing pressure to lower prices to adjust for the rising value of the loonie (esp as against the USD). So while prices may be decreasing in Canada, it may be increasing elsewhere. They also don't want Canadians buying in the US, so another reason to lower prices. Just my .02.

Also -- does the price increase affect just new bags or all bags? I'm perfectly fine getting a past season/color bag. *crossing my fingers**
 
#67
ocgirl said:
...I must be slow or something, but how does the price increase stop resellers? Doesn't it it actually help the resellers? If the resellers know about the impending price increase, and they buy all the bags they can, and the Chanel increase their prices, and then resellers now can sell the bags at the new higher prices. That benefits them, no?.
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In my opinion, it's going to have an affect on the resellers/gray market. The reseller will have to spend twice as much money to get one item. Instead of $1,500.00 USD for one bag, it might cost $3,000.00 for one bag if the alleged price increase comes to fruition. The resellers will be hit hard. Plus with the mark-up over the retail price, who is going to want to pay the outrageous price over retail? The economy willl dictate where people want to spend their money.

Also, I don't understand how the resellers are "greedy?" If they're not crazy purse lovers/addicts like we are, then they're in the business to make profits. That is capitalism...
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NOTE: The following are excerpts from an article.
“What we try to do is use a lot of logic and common sense if we sense that someone is taking advantage,” Mr. Frasch said. “We monitor at the store level and at the corporate level for any patterns. We are very sensitive, first and foremost, to serving the customer, but secondly to any potential for reselling by customers.”

“We work with our vendors,” Ms. Reeder said. “It’s primarily a protection for them, to protect their distribution from bags getting out there on the gray market.”

Travelers who buy multiple items to resell to friends back home are only a small portion of the gray market, said Fred Felman, the chief marketing officer of MarkMonitor, a San Francisco agency specializing in brand protection. It is more problematic when professional networks of buyers resell luxury goods through small shops throughout Asia, or through online retailers like eBay.

Retailers Limit Purchases of Designer Handbags
http://www.nytimes.com/2008/01/10/fashion/10CAPS.html?_r=3&hp=&pagewanted=all



To reiterate, As long as Chanel's bags "continue to fly off the shelves", because there is a network of resellers hoarding all the stock to sell for a profit on the online auction websites, they WILL continue to raise prices ad infinitum.

Chanel has proven they're willing to do whatever is necessary to keep their merchandise out of the hands of the resellers and the gray market. Design houses & retailers loathe the hoarding and reselling of their luxury goods. And I predict they will continue to raise prices as often as they'd like to keep their merchandise out of the hands of the resellers and the gray market. It is my personal belief that Chanel is trying to regain some semblance of control over their goods and the resellers who are buying up all their stock and selling it for a profit.

p.s. Where's the soapbox emoticon? I sure could use one right now. ;)
 
#68
Seems to me there is a ceiling at which a buyer will walk away and for each of us that price point will be different -- but it's there nonetheless. As for resellers, they will be in a more precarious position as well, I would think. A small profit for a purse that is no longer available may be acceptable but when resellers are looking for sizeable profits, I think the market may not be as ripe for the tapping as it once was. I find such price goughing behavior insulting and my brain switches off.
 
#69
That is fine what Chanel is doing, but they also have to realize that America is possibly going to go into recession soon. People's wages are not keping up with the rate of inflation, and the middle class is getting pounded more and more every day. There are many people who can easily afford Chanel, but many more who use discretionary income (or worse -- credit) to fund these purchases. When gas is going close to or over $100 a barrel, home heating costs going up, raises and bonuses not given, and many people defaulting on home loans, credit cards, school loans, etc., that is going to have an impact. Ultimately consumers are going to stop fanning the fire of 22% at a time price increases.
 
#70
P-B, that's what I've been saying. We (US) is in the down cycle and there is no relief in sight despite whatever check the gov't may dole out. That's not what is needed. Consumer confidence isn't there to prop up the economy; we're in debt for generations over a war we're still in that costs how many millions a day. Good grief, the list of issues is longer than my years on earth.
AND if we end having to pay to use the internet --that game plan is unfolding as I write -- don't you think that will impact the resellers. It will impact us all!!! Will we even be here discussing Chanel a year from now? As Hunter Thompson would say, "the fat is in the fire."
 
#71
Hi All...
I live in Woodland Hills, California....and the Nordstroms at Topanga Mall sells Chanel Handbags...and they were telling me that the price will go up in February!! But, then...I've called up the other Nordstroms that sells Chanel Handbags (Seattle and Mall of America Nordstroms)...and the SA's there have no idea at all about the price going up.
 
#73
ahh ever since the last increase in Nov. i've been panicking, this is such awful news! im planning to get a bag the first week of Feb., do you think that will be too late? what do you think my odds are of getting in there before the increase? :(
 
#74
I wish the SAs that are saying there will be a price increase in Feb., would give us a definite date. GRRR!! :cursing:

I would like to purchase a jumbo flap, but don't want to pay $3150 for one!!!!! UGH!! I wasn't planning on purchasing one for awhile. But if the classics go up 22%....then I'm definitely thinking of buying it now and save some money. Insane.

Why can't they just give us a darn date???!?!?!?!?!?!?!!! :mad: :hysteric: Seems, they just want to leave us in the dark...In hopes of getting us to pay more....:tdown:
 
#75
I heard about the price increase from a SA at one of the department stores and that it has already hit Europe. If you want a certain bag and can afford it now, find it and buy it. Once the date is announced, it's going to be a buying frenzy, I suspect. You might not find the bag you want.

Meanwhile, I'm sure a lot of us, myself included, are on waitlists for the reissues and are therefore stuck in a boat sans paddle. If the quoted price is not honored, it may well be a deal breaker for me.
 
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