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Chanel Prices Jump

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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]