Chanel Price Increase Report May 2017
The first rumor circulated two months ago that Chanel would increase prices in April 2017 – but that never happened. Should we say that we were lucky? Or did we just dodge one bullet?
Well, we have some bad news and good news. Let’s start with the bad news. Chanel has just increased their prices and like always there were no warnings or pre-announcement – they just did it.
If you walk into the boutique right now and purchase a handbag, you will be slammed with the new price tag. It’s a punishment for procrastinating an extra day. So the question about Chanel will never be; ‘Will they increase their prices’, but instead it should be: ‘When will they increase?’.
But there is good news as well, let’s covered that one.
Which Countries Experienced The Price Increase?
We did a research about the prices as soon as we got informed. We compared the prices of different countries to see the effect of this new policy. The biggest question we had was; where did the prices go up and also where did the prices go down?
Go down? Yes there is a bag that has a price decrease! Surprised right? This is also a part of the good news, we will let you know more later on
Now, let’s answer the burning question of this topic. Which countries are hit by Chanel’s latest policy? Here are the results of the research:
|United States||No Price Increases|
|Europe||Yes, Price Increased|
|United Kingdom||No Price Increase|
|Singapore||No Price Increase|
|Hong Kong||No Price Increase|
|Australia||No Price increase|
|Japan||No Price Increase|
|Canada||No Price increase either|
There you go, so the only place where Chanel did a hike in prices is Europe. Is that good news? Not really, because Europe is big remember? It consists of many well-known countries like France the city of fashion, Italy the city of famous leather craftsmanship and our other favorite travel countries like Spain, Germany and Netherlands.
Europe is also a popular place to shop Chanel, especially for tourists. It’s the place where it’s guaranteed that you get an authentic handbag for relatively lower prices than in the US, UK, Asia and other expensive places like Japan and Australia. So the price increase is actually a rip in our heart and especially for those that are addicted to Chanel – now you need to pay more for your medicine.
What’s does new prices in Europe mean for you? Let’s answer that question after we show you all the new Chanel retail prices in Europe.
Chanel New Prices In Europe
The Classic Bags
|Chanel Classic Flap Bag||New Prices||Previous Prices|
|Chanel Mini Classic Flap Bag (Square) Prices||€2360 euro||€2250 euro|
|Chanel Small Classic Flap Bag||€3990 euro||€4100 euro|
|Chanel Medium/Large Classic Flap Bag||€4480 euro||€4260 euro|
|Chanel Jumbo Classic Flap Bag||€4990 euro||€4750 euro|
|Chanel Maxi Classic Flap Bag||€5420 euro||€5160 euro|
The Chanel Small Classic Flap Bag Decreased In Price
Did you noticed? If not, then here’s the truth; the price of the Chanel Small Classic Flap Bag actually decreased while all other Classic Bag prices went up. A coincidence? Maybe not, because Chanel might be pushing us to buy more of the Small Classic Flap Bag instead of the other sizes. Or the Small size is not as popular as the others, so the price decreased. But whatever the reason, it’s a bang for your bucks!
The Reissue 2.55 Bags
|Chanel Reissue 2.55 Bag||New Prices||Previous Prices|
|Chanel Reissue 2.55 Size 224 Bag||€3990 euro||€4100 euro|
|Chanel Reissue 2.55 Size 225 Bag||€4480 euro||€4260 euro|
|Chanel Reissue 2.55 Size 226 Bag||€4990 euro||€4750 euro|
|Chanel Reissue 2.55 Size 227 Bag||€5420 euro||€5160 euro|
|Chanel Boy Bag||New Prices||Previous Prices|
|Chanel Small Boy Flap Bag||€3660 euro||€3420 euro|
|Chanel Old Medium Boy Flap Bag||€3980 euro||€3720 euro|
|Chanel New Medium Boy Flap Bag||€4440 euro||€4150 euro|
|Chanel Large Boy Flap Bag||€4760 euro||€4450 euro|
So there you go. Now you know the new retail prices in Europe and you know how much it has been increased versus the previous time as well. Which leads us to the next question. So how steep is the price increase this time?
How Big Is The Impact Of The Price Hike?
It’s good to know the numbers. But if you look at it and see that the price of the Small Boy Chanel Flap Bag increased from €3420 to €3660 euro, you might think: ‘hmm, it’s 200 euro, not really big deal’. But the truth unveils when we change the numbers to percentages. Then you will see the full effect of the price increases beyond the curtains. Are you ready to put your Virtual Glasses on to see the truth? Check them out here.
|Chanel Classic Flap Bag||Price Increase in %|
|Chanel Mini Classic Flap Bag (Square) Prices||+4.88%|
|Chanel Small Classic Flap Bag||-2.68%|
|Chanel Medium/Large Classic Flap Bag||+5.16%%|
|Chanel Jumbo Classic Flap Bag||+5.05%|
|Chanel Maxi Classic Flap Bag||+5.04%|
The Chanel Classic Flap Bag has increased by around 5% and so is the Chanel Reissue 2.55 Bag because both bags have the same prices. Now that you know that its around 5% increase, would you think differently?
Ask yourself, what could you’ve done with the extra €220 euro? Maybe a new Chanel Wallet that goes with that bag. Or perhaps new Chanel Classic Earrings. Or maybe a new pair of flats?
Let’s also take a look at the Boy Bags, shall we?
|Chanel Boy Bag||Price Increase in %|
|Chanel Small Boy Flap Bag||+7.01%|
|Chanel Old Medium Boy Flap Bag||+6.98%|
|Chanel New Medium Boy Flap Bag||+6.98%|
|Chanel Large Boy Flap Bag||+6.96%|
So there you go, the Chanel Boy Bag went up by 7% while the Classic Flap Bags and the Reissue 2.55 Bag increased by 5%+. Should you be happy about it? Not really. Why? Check this out:
|Style||New Price Minus Old Price in Euro|
|Chanel Mini Classic Flap Bag (Square) Prices||€110 euro|
|Chanel Small Classic Flap Bag||-€110 euro|
|Chanel Medium/Large Classic Flap Bag||€220 euro|
|Chanel Jumbo Classic Flap Bag||€240 euro|
|Chanel Maxi Classic Flap Bag||€260 euro|
And now for the boys:
|Style||New Price Minus Old Price in Euro|
|Chanel Small Boy Flap Bag||€240 euro|
|Chanel Old Medium Boy Flap Bag||€260 euro|
|Chanel New Medium Boy Flap Bag||€290 euro|
|Chanel Large Boy Flap Bag||€310 euro|
Here we can make two conclusions:
1). The goal was to increase the prices by €200 – €300 euro and because the Boy Bags were more expensive, the price increase in % was lower, but the effect was the same like the Chanel Classic Flap Bag.
2). The bigger the bag you purchase, the higher the price increase. If today you purchase the Small Boy Flap Bag, you pay €240 euro extra. But if you get the Large Boy Chanel Flap Bag, then you need to pay €310 euro extra, which is 70 euro more price increase than the Small one.
Now what could you do with that extra €310 euro? New Chanel Earrings? Wallet? Shoes?
Did Chanel Also Increased The Prices Of The Seasonal Handbags?
We’re going to start rolling good news from now on. The recent price rises were only applied to the Classic and Iconic handbags like the Classic Flap Bag, the Reissue 2.55 Bag and the Boy Bags. So when we mention these bags, we mean all the related styles, like the latest Boy Bag with Chain Around design, the Classic Flap Bag in new embroideries or the Reissue 2.55 Bags with Iconic Charms.
Chanel has left the seasonal bag prices the same (for now). But you can be certain that they will not take it easy on you when the next collection is released – meaning the next collection will be more expensive.
Because we know certain seasonal handbags have become increasingly popular and you might question whether they were increased in prices, we will cover them as well.
More Latest Chanel Euro Prices
We’re currently updating all the new prices and will post the links here. So stay tuned.
UPDATED: Chanel Classic Bag Prices >>
UPDATED: Chanel Wallet Prices >>
UPDATED: Chanel WOC Prices >>