Rumors Of A 2016 Price Hike Lead To An Increase In Chanel Bag Sales
Industry experts expect a price hike on Chanel handbags to be just around the corner.
Customers have enjoyed stable Chanel bag prices over the past few years, thanks to the brand’s most recent sales strategy reported on by Bagreporter, which is based on harmonizing handbag prices worldwide and only increasing prices slightly in comparison with previous years.
However, Chanel completed the first phase of its price harmonization strategy throughout 2015, so drastic changes in regards to pricing are to be expected. In fact, there’s already been rumors within the industry about an impending 2016 price increase for quite a while now.
And in lieu of an unusual spike in sales of Chanel handbags on luxury consignment website, Baghunter, the rumors seem to actually be true: “The unusual sustained surge in sales of Chanel handbags over the last couple of months spiked our interest,” said Baghunter CEO, Evelyn Fox, “So we decided to look into it further and reached out to some VIP club clients who were purchasing Chanel bags to try and identify the reason behind the sudden rush. The response was unequivocal – buy Chanel handbags now as a price increase is imminent.”
Aside from the price harmonization of last year, Chanel is known worldwide for regular price increases. For example, a Chanel Classic Medium Flap Bag in black lambskin increased in price from $2,850 in 2010 to $4,900 in 2015, an increase of just over 40% in the space of only five years. That’s a luxury brand for you though.
Although the precise date of the impending price increase continues to remain unknown, it is very likely that at least one price hike will occur in 2016. So, take a lesson from Baghunter’s regular VIP clients who purchase handbags as investment pieces, as now might be the perfect time to invest in the Chanel bag of your dreams.