You’ve probably noticed, maybe even shocked, when you’re thinking of shopping for a new Chanel handbag. The reason is that the prices of handbags of the fashion brand Chanel have increased significantly in the past few years.
Chanel replica has always stood for style, prestige and elegance. Chanel has also never been known for offering low prices. However, fashion brands have experienced price increases, and we wanted to take a closer look.
The first thing to say is that not only does Chanel raise prices this year, but it does so every year, sometimes even several times a year.
For example, in May 2020, the prices of some commodities increased by 5 to 17%, and in Asia, prices increased by as much as 25%. October 2020 has seen another rise of around 5%, especially in the UK, China, Hong Kong, Japan and South Korea, so the total price increase for some commodities in 2020 is more than 20%.
This is followed by a 4% to 7% increase in January 2021.
At first glance, these figures might give the impression that the increase was small. However, if you look at the usual or previous prices for Chanel fake handbags cheap, you will quickly realize that, on the contrary, this is a significant increase. A price increase can indeed result in an increase of 300 Euros or even more.
The Chanel Classic Flap Bag, the Chanel Reissue 2.55 Bag and the Chanel Boy Bag were particularly affected. However, the most notable increase was the legendary “Chanel Wallet on Chain Bag” (WOC), which saw a 24% increase in price. If you look closely at the price increases in January 2021, the following increases are most notable, aside from WOC:
The Chanel Classic Small Flapbag is up 6.9%, the Reissue 224 Bag is up 6.9%, and the Chanel 19 Maxi Bag is up by the same amount. For the Legendary Boy Bag, the price of the Small Boy Bag increased by 6.5%, while the price of the Medium Boy Bag increased by 6%. On the other hand, the price of the Large Boy Bag remains the same.
Also notable are bags with special hardware and price increases in black and rainbow styles.
But what is the reason behind the growth?
On the one hand, extraordinary craftsmanship plays a big part in the pricing, as well as the premium materials used on the individual bags. In addition, consumer perception affects price regulation. Because Chanel handbags are considered a status symbol, representing prestige and elegance. Due to their quality and exclusivity, they are of interest to many, which means that demand is constantly increasing. So, on the one hand, the price increase may be a response to increased demand for the iconic handbag.
Chanel also noted that the price increase was “the result of recent large fluctuations in exchange rates between the euro and certain local currencies.” Therefore, these adjustments will ensure that “Chanel products are sold worldwide at the same price level”. The fashion house said the adjustments were also due to the current situation, which was especially important amid “severe restrictions on international travel”.
As a result, suspicions have been raised that the sharp price increases are related to the corona virus, as Chanel is attempting to cover losses due to Covid-19-related store closures with higher prices. Because Covid-19 has economically impacted many industries, including the fashion industry. Not just prolonged store closures, but also delivery difficulties, especially supply chain disruptions, and global spending during the pandemic.
In general, price increases for luxury design brands are common. Plus, Chanel is by no means the only fashion house that raises its prices every year.
Experts suspect other luxury fashion brands will follow suit, hoping to raise prices to offset losses from the pandemic. LVMH’s top brands Louis Vuitton and Dior, as well as Kerings’ fashion houses Gucci, Prada and Salvatore Ferragamo, have already raised prices.
Chanel is also increasingly being compared to the iconic Birkin and Kelly bags of the Hermès fashion house. In the past, Hermès bags have been much more expensive than Chanel replica bags online, but in May 2020 there was “only” a 9.2% price difference between the Hermès Birkin 30 bag and the Chanel Maxi bag.
It wasn’t like this before.
Comparisons to Asia and the US are also notable. While Chanel and other fashion houses say the price gap between Asia and the rest of the world has narrowed, experts estimate that bags in the Chinese market are sometimes 30 percent more expensive than in Europe.
Because prices won’t stop rising. Instead, they continue to increase each year. So welcome to our FakeBags website to have a look, not only the styles are diverse but also the price is cheap, and you won’t worry about affecting your wallet.
