Chanel price increase 2014 in Euro and SGD

Following table capture the price increase for Chanel from 2009/2010 to 2013/2014 in Europe and Singapore. As you may notice there is almost an increment of over 45% for popular Chanel handbags like the Classic Flap. Chanel is not the only one other popular luxury brands such as Louis Vuitton, Gucci are following the suit and increasing their prices as well during this past 5 years. Luxury Goods retailer are saying such increment is necessary due to higher cost in production and material. Others are saying these luxury Goods Retailers just want to increasing prices is to differentiate themselves from other entry-level luxury goods that are fast picking up market share. Some blames the increasing demand for such luxury goods from the high influx of Chinese tourist who travel to Europe to buy these luxury goods.

Whatever the reason is, prices of such luxury goods will continue to soar. If you are contemplating to buy now or later, snap it early before the next increment which is expected to begin during the second quarter of 2014.

Following Prices in EURO

Following Prices in SGD (Singapore Dollars)