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Although Chanel’s boutiques are only expected to open next year, it seems that the marketing strategy has already proven itself. In fact Chanel’s branding is so strong that even a steady rise in the prices of the products in the store has not hurt the brand’s revenue. On the contrary, Chanel recorded a 50% jump in its revenues relative to 2020, i.e. in the year preceding Corona.
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It should be noted that today many luxury stores already have an upper floor or a private wing, which is accessible to VIP customers only. But Chanel’s boutique stores are a new trend that is expected to attract more luxury brands.