Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Our sister site Racked NY is reporting that the projected price increases at Chanel boutiques for fall merchandise has—ta-da—happened. "A sampling of the [handbag] hike: Medium Classic: formerly $2600, now $3400; Jumbo Classic: formerly $2995, now $3795; Jumbo Reissue: formerly $3600, now $4200. It's not just the bags, either. The basic ballerina flat is now $685, from $585 and some flats are priced up to $895. Saks Fifth Avenue, Bergdorf Goodman, Bloomingdales and Chanel itself have already updated their in-store prices. Nordstrom seems to be the only holdout so far, but for for a few days only." [RNY]