Chanel Bag Prices Just Increased In China
Breaking news: Chanel prices in China has increased. And didn’t they just increased the prices in Europe last month as well? Now the next question is: which country is next?
So what really happened in China? Let’s start with the Classic Flap Bags.
Chanel Classic Flap Bag Prices Went Up And Down
|Classic Bags||New Price||Previous Price|
|Chanel Mini Squared Classic Bag||¥16800 CNY||¥16800 CNY|
|Chanel Small Classic Bag||¥30900 CNY||¥31700 CNY|
|Chanel M/L Classic Bag||¥34700 CNY||¥33000 CNY|
|Chanel Jumbo Classic Bag||¥38600 CNY||¥36800 CNY|
|Chanel Maxi Classic Bag||¥41900 CNY||¥39900 CNY|
|Classic Bags||Difference in CNY||Difference in %|
|Chanel Mini Squared Classic Bag||¥0 CNY||0%|
|Chanel Small Classic Bag||-¥800 CNY||-2.52%|
|Chanel M/L Classic Bag||¥1700 CNY||5.15%|
|Chanel Jumbo Classic Bag||¥1800 CNY||4.89%|
|Chanel Maxi Classic Bag||¥2000 CNY||5.01%|
Three things changed in the Classic Flap Bag Collection. The price tag of the Mini Squared Bag remained the same, as well as the Extra Mini And the New Mini. The Small Classic Flap Bag decreased in price by 2,5%, which also happened to Europe. The other sizes like the Medium Large, Jumbo and Maxi went up by 5%.
Last month, the Euro prices of the Classic Flap Bag including the mini’s went up by 5% as well. The Small Classic Flap Bag was reduced by 2,6% – almost the same percentage as in China.
Chanel Reissue 2.55 Followed Suit
|Reissue 2.55 Bags||New Price||Previous Price|
|Chanel 224 Reissue 2.55 Bag||¥30900 CNY||¥31700 CNY|
|Chanel 225 Reissue 2.55 Bag||¥34700 CNY||¥33000 CNY|
|Chanel 226 Reissue 2.55 Bag||¥38600 CNY||¥36800 CNY|
|Chanel 227 Reissue 2.55 Bag||¥41900 CNY||¥39900 CNY|
The prices of the Chanel Classic Bag and the Reissue 2.55 Bag are connected like twins. If one goes up, the other will follow. The prices of the Reissue 2.55 Bag increased by the same rate as the Classic Flap Bag.
Chanel Boy Bag Prices Were Untouched
There is also good news. The Boy Chanel Bags in China have remained the same – so no price increase and no price decrease. Comparing to what happened to Europe last month, the Boy Bags in euro’s went up by 7%, which was 2% higher than the Classic Flap Bag. We’re not sure why Chanel didn’t hike the prices of the Boy Bags, because they’re iconic handbags as well.
One Chanel WOC Increased In Price
|Wallet On Chains||New Price||Previous Price|
|Chanel Classic Quilted WOC||¥14500 CNY||¥13500 CNY|
|Boy Chanel Quilted WOC||¥14300 CNY||¥14300 CNY|
|Chanel Trendy CC WOC||¥17500 CNY||¥17500 CNY|
It seems like that Chanel is only targeting bags that resemble the Classic Flap Bags. Handbags with diamond quilting, iconic CC logo and woven chain strap are all participating to the new price increase policy. The Chanel Classic Quilted WOC went up by 7% while the other WOC styles like the Trendy CC WOC, Camellia WOC and the Boy WOC remained the same.
Chanel Wallet Prices Are Up As Well
|Wallet On Chains||New Price||Previous Price|
|Chanel L Flap Wallet||¥7200 CNY||¥6900 CNY|
|Chanel L Flap Wallet (foldable)||¥6800 CNY||¥6500 CNY|
|Chanel Small Flap Wallet||¥5500 CNY||¥5100 CNY|
|Chanel L-Yen Wallet||¥6000 CNY||¥5600 CNY|
|Chanel Zip Around Wallet||¥7300 CNY||¥7000 CNY|
|Wallet On Chains||Difference in CNY||Difference in %|
|Chanel L Flap Wallet||¥300 CNY||4.35%|
|Chanel L Flap Wallet (foldable)||¥300 CNY||4.62%|
|Chanel Small Flap Wallet||¥400 CNY||7.84%|
|Chanel L-Yen Wallet||¥400 CNY||7.14%|
|Chanel Zip Around Wallet||¥300 CNY||4.29%|
The classic wallets have met the same faith as the Classic Flap Bags. The Chanel L Flap Wallets increased by 4.5% while the Small Flap Wallet and the L-Yen Wallet went up by more than 7%.
Seasonal Bags Remained The Same
Just like in Europe, this new price policy is not applied to the seasonal handbags, which is great news of course. The seasonal bags include our favorite Coco Handle Bag and the Trendy CC Bag.
The Future Perspective And What’s Next?
In May Chanel increased the prices in Europe and in June the prices of China. The question we have now is which country is next? Well, only Chanel knows this answer. However, what we can do is create an expectation by analysing the past events. So we can conclude that:
- The Classic Flap Bags are certainly going to increase in prices.
- The Classic Bags will increase between 5 to 7%.
- The Small Classic Flap Bag decreased in price in both Europe and China.
- The Classic WOC prices will hike as well
- The Classic Wallet prices will certainly go up between 4% to 7%
- There is a chance that the Boy Bags will increase too
- Seasonal items will not be targetted
So what are your thoughts? Do you think Chanel will increase the prices in your country?