Ok, I think that the price of Chanel increases with the price of oil.
[SIZE=-1]$66.02 per barrel in 2006[/SIZE]
[SIZE=-1]$72.30 per barrel in 2007[/SIZE]
[SIZE=-1]We're looking at averaging over $100 a barrel in 2008!!![/SIZE]
Ok, I think that the price of Chanel increases with the price of oil.
[SIZE=-1]$66.02 per barrel in 2006[/SIZE]
[SIZE=-1]$72.30 per barrel in 2007[/SIZE]
[SIZE=-1]We're looking at averaging over $100 a barrel in 2008!!![/SIZE]
I just want to add that I spoke to my SA at Saks today and she said to expect another increase in all of the classics in Febuary 08.
i swear when my collection is completed, i will be done with Chanel! well maybe not done but a bag or 2 per year. 22% .. wait a minute does that mean the jumbo is going to be 3125?? comparing when it used to me 1650 makes me sad =(. These prices are RIDICULOUS!
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?.