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Last month, Madison Avenue Spy gave us fair warning and predicted that Chanel would 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 $3400It'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 a few days only. Now is as good of a time as any to empty out the savings account.
Jumbo Classic: formerly $2995, now $3795
Jumbo Reissue: formerly $3600, now $4200
· Luxury Watch [Racked]
· Confirmed: Chanel Raises Prices 20% to 30% [Madison Avenue Spy]