New Chanel Update: Rising Prices

Accoring to New York Magazine, Chanel is rising the prices beginning February 1, 2010. "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)." Don't give up Keep Saving..your day will come!

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