Chanel Meets Costco

The Costco Warehouse Shopping Club on East 116th Street in New York City is the first Costco in history to sell discount designer bags. Featured bags included the Chanel Classic Flap handbag for $1,999 and Louis Vuitton Speedy bag for $589, a Burberry Mini Satchel for $1019.99, a Tod's medium shopper hand bag for $549.99 and a Ferragamo "Marissa" hangbag for $629.99. The sales man told reporters they sold out of the Louis Vuitton's quickly but had "a lot" of Burberry and Coach bags left. Reps from Louis Vuitton and Chanel did not return phone calls for comment.

source: getty images and

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