NATTY NEWS: Chanel Costs Climb

YIKES - forget the metro fair hikes - Chanel has just instated a major hike of their own...

Article courtesy of Racked.com

Image via Handbagcomment.com

Last month, Madison Avenue Spy gave us fair warning and predicted that Chanelwould raise prices from 20% to 30% on August 1 and she was indeed correct. Chanel is now even more unattainable than ever. A sampling of the hike:

Medium Classic: formerly $2600, now $3400
Jumbo Classic: formerly $2995, now $3795
Jumbo Reissue: formerly $3600, now $4200

It's not just the bags, either. The basic ballerina flat is now $685, from $585 and some flats are priced up to $895. Saks Fifth Avenue, Bergdorf Goodman,Bloomingdales and Chanel itself have already updated their instore prices.Nordstrom seems to be the only holdout so far, but for for a few days only. Now is as good of a time as any to empty out the savings account.

(Racked.com)

-Natty