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Luxury handbag prices rise from $5,800 to $11,700, steering shoppers toward shoes

Verifying
  • Chanel’s higher handbag prices are directing some shoppers toward luxury footwear.
  • A medium Chanel flap bag rose from $5,800 in 2019 to $11,700.
  • Lindsay Breen bought $1,175 Chanel flats instead of a similarly costly handbag.
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