Chanel Price Increase *please include location*

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#78
i_wona said:
I think that the 08 bags are higher priced anyway - haven't the reissues been, er, reissued at a higher price for 08? So technically, there hasn't been a official price increase, but the bags are release with a higher retial price.

Correct me if I'm wrong!
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Ditto!
The new reissues are priced higher compared with 2007, so I really doubt there will be another one so soon. It is possible the price will be increased for those that were not affected by the past prcie hike. But again, new bags are released with higher retail price anyway. It will be interesting to see how Chanel will find new excuses to justify another increase should there be one.:tdown: AFterall, I am only interested in collecting reissues and classic flaps. As long as I can get what I want for this spring, I am good
 
#79
And the buying frenzy begins... yet again.

They say, "three is a charm" however, 3 price hikes in one year's time is beyond the pale. I said last February '07 that Chanel would continue to increase their prices if people kept buying. And guess what? They did.

In November, I commented about continuing price hikes. And guess what? Chanel did not disappoint. At this juncture (Nov '07) the classic flaps had gone up almost one thousand dollars in a little over one year's time!

Ladies, if you keep buying, the prices will go up yet again.:yes:There is no deterrent to prevent Chanel from this clever marketing strategy as it has proven to be successful for them thrice over.

If there is a silver lining in all of this, it will be to put a damper on the resellers and the gray market. And for that I am glad.
 
#81
layla said:


Ladies, if you keep buying, the prices will go up yet again.:yes:There is no deterrent to prevent Chanel from this clever marketing strategy as it has proven to be successful for them thrice over.
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If you ask me, even if people stop buying as much (or all together) the fact is that with a large increase, Chanel doesn't have to sell as many units of an item to make a profit. It just doesn't matter to them IMHO.
 
#82
jmen said:
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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That thought indeed pushed the sales of Chanel bags in 2007. Everyone is complaining about the price hike, but none of us stopped purchasing. That is the sad part of the whole story
 
#84
There will always be those who will be able to afford Chanel, no matter what the price. And these buyers will have the ability to purchase more than 1 at a time because their lifestyle and income can support it without a concern.

As I recall from other posts here; isn't this the customer Chanel is TRYING to win back? That "exclusivity" they felel they've lost? For those of us not in that income bracket, it's a shame, a heavy sigh, a "great, now it's going to take me even longer to purchase what I really want and love". To others it will be "goody. More for me and I won't see it anywhere else".

Chanel knows what they're doing. I don't believe they're all that concerned about a recession as the "high end" customer will still be buying while the rest of us will be hanging on for a bumpy ride.
 
#85
Cjj, you're correct in saying some people will continue to purchase just because they can. However, at the end of the day or fiscal period in this case, the truth lies in the annual report (bottom line).

I beg to differ with your statement about Chanel not caring about a recession. They will care if they lose money and have inventory that is not sold. I didn't live through the Depression, but many, many people lost their entire amassed wealth and some jumped out of windows in despair. History repeats itself as evidenced by wars, etc. That's not to say I think we're to that point but I am saying business owners aren't as well off as they were a year or two years ago and neither is the average consumer. Check the figures on Wall Street and the global economic markets. If Chanel fails to show increased profits, they will give a hoot, or a rat's behind. I guarantee they care.
 
#86
geez u r not kidding me. i'm still saving and on my way to my 2nd chanel. at the rate the prices are hiking, it's highly unlikely that i can add to my chanel collection. geez.. is it for real? i might jus splurge and get a classic now before it goes too expensive!!!
 
#87
jmen said:
Cjj, you're correct in saying some people will continue to purchase just because they can. However, at the end of the day or fiscal period in this case, the truth lies in the annual report (bottom line).

I beg to differ with your statement about Chanel not caring about a recession. They will care if they lose money and have inventory that is not sold. I didn't live through the Depression, but many, many people lost their entire amassed wealth and some jumped out of windows in despair. History repeats itself as evidenced by wars, etc. That's not to say I think we're to that point but I am saying business owners aren't as well off as they were a year or two years ago and neither is the average consumer. Check the figures on Wall Street and the global economic markets. If Chanel fails to show increased profits, they will give a hoot, or a rat's behind. I guarantee they care.
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Totally agree with jmen. It's not the fact that they increase, it's that it's increased at 22% increments two or three times a year. I am a total economic and political junkie and the situation is very dire. I respect what Chanel is doing from a business and capitalist point of view. I just hope they will respect the fact that eventually their bottom line is going to fall. Are there going to still be people who can afford? Sure. But eventually they are going to start losing profit from those middle group of people who want the items. There has to be a delicate balance and I don't think 22% at a time is delicate.
 
#89
P-B said:
Are there going to still be people who can afford? Sure. But eventually they are going to start losing profit from those middle group of people who want the items. There has to be a delicate balance and I don't think 22% at a time is delicate.
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Okay, but as a luxury brand, I don't think that the "middle class" or "middle group" is Chanel's bread and butter here. And again, if they raise the prices again, that means they don't have to sell as many units and so I don't think they care to the extent that you think they do as they are still making their money.

Yes, there is the (growing) risk of a recession and whatnot but nonetheless, I maintain what I said. I really don't think that alienating those who really have to save for Chanel is first and foremost in their minds when doing these price increases.
 
#90
The ironic thing about this whole situation is that ever since Chanel increase its price, more people are buying Chanel. I'm saying this for the Chanel lovers and people who recently switch from another brand to Chanel. A great example is that i now see more people are visiting this forum. On the average its about 90-100 people viewing, compare to before, about 50-60. Chanel price increases, get people to talk about them. It's like "Hey! get the bag before it go up again." Sorta like a publicity stunt. But we're the one that get hurt, not them.

With all this said, if Chanel increase their prices again, I will no longer buy Chanel. Regardless the fact whether they care or not, this is out of hand. Enough is enough.
 
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