Chanel to Raise Prices on Handbags


On February 1, Chanel will jack up handbag prices by $50 to $100 on classic styles, according to salespeople in the Soho boutique. But someone in the Madison Avenue store said the classic jumbo caviar leather bag will go up to $2,995 from $2,650. Chanel can get away with it because stores that carry the bag have a waiting list for it (one Chanel boutique's is about 30 people long while Saks's is a few hundred people long). Also, this is the label that showed couture shorts today. [Madison Avenue Spy]