When it’s still this cold at the end of March, it’s impossible not to start thinking about travel to places on the globe where we can get some relief. In that sense, the Louis Vuitton The Spirit of Travel Spring 2015 campaign is perfectly timed–who wouldn’t want to look at images of models, beautiful bags in hand, frolicking in front of perfectly turquoise seas in the French West Indes?
In The News
If you noticed that Chanel took its handbag prices off its website earlier this week, we now know why: yesterday, Women’s Wear Daily reported that the brand will begin “harmonizing” its global prices on April 8. That means some markets will see significant increases in handbag prices, while others will see big drops.
Late last week, Women’s Wear Daily reported that Reed Krakoff would suspend operations while in pursuit of new investment to keep the line afloat. While the news itself is a surprise, it’s not shocking that something was up at Krakoff’s company; it’s the third young, well-known brand in the past several months to either partially or completely shut down.
Even though bags rarely take center stage at runway shows, they, along with cosmetics and shoes, are the things that brands usually need to sell in order to keep business chugging along; most designers cannot survive by clothes alone. That means that when it comes time for brands to communicate with customers, bags often end up as a central focus.
Today is International Women’s Day, and if you’re not familiar with it, plenty of fashion brands and companies are interested in broadening your awareness. The day, which was originally founded in the early 1900s is intended raise awareness for gender inequality and celebrate female accomplishment the world over.
There’s an old saying about the only sure things in life being death and taxes, but if you’re a handbag buyer, there’s another inevitability: price increases. With brands like Chanel, Hermès and Louis Vuitton, they’re fairly easy to track; because the bags are only available from the company’s boutiques, all the new product arrives at once and sales associates warn their loyal customers in advance.
Price increases for the big brands all seem to be hitting around the same time this year, and that is not good for anyone in the market for a new bag. First we told you Hermès was upping its already steep prices in the beginning of the year, next came the rumors of the Louis Vuitton price increase, and now it’s Chanel.
UPDATE 2/24/15: We’re being told by multiple members of the PurseForum that the price increase for Louis Vuitton will be hitting next week, with one person saying March 1st is the date their sales associate told them.
Ever since we heard rumors that the classic Chanel Grand Shopping Tote was being discontinued, we’ve been paying close attention to what members of our PurseForum have been hearing from their Chanel sales associates and friends at the brand. While we haven’t been able to confirm anything (brands of Chanel’s caliber tend not to dignify these things with a response until they’re good and ready), it seems like the whispered-about changes at Chanel go far beyond just the potential disappearance of a popular tote.