The US Commerce Department recently reported that retail sales has declined in October, at a rate of 2.8%. This has been the biggest decline for retail sales since 1992. Retailers are cutting on costs as well as employment.
Many high end European brands have lowered the price of their merchandise in the US retail market, due to value of the $1. In the article, “Versace, Christian Louboutin, Chanel, and More Slash Prices in U.S“, NY Mag reports that some of our favorite brands “are cutting prices on goods in the U.S. by 8 to 10 percent”.
After reading nymag, I began to indulge in online retail therapy browsing. Despite many brands decreasing prices in the US, I was sad to discover that Chanel has not. As of November 1st, the price of Chanel handbags has increased! There goes my hopes and dreams of having my very own 2.55 bag!
Does that make any sense? With the fall of the retail market, why has Chanel increased the price of handbags?
After browsing from site to site, I found a website that carries authentic designer bags, as well as clothing from Gossip Girl’s set. Bluefly recently launched the Gossip Girl website at the end of October. Fans of the show can shop the wardrobe from each character on the hit show. How chic!
Bluefly is taking 20% off Chanel bags at the moment, hmmm…I would’ve had a sweeter deal in October.
Chanel: Pink quilted jersey shoulder bag
Orginal retail value: $3,450.00
Current value: $2,760.00 (20% Savings)
Check out Bluefly for savings up to 40%, what a steal!
