Shoppers are rushing to buy iconic $298 designer bag which scans at register for only $99

AN iconic fashion house has knocked nearly $200 off the price of one of their most popular handbags.

As part of their end of summer sale, Coach Outlet now lists their Rowan File Bag for just $99, down nearly $200 from its original retail price.

Although the bag is available at bargain bin prices, make no mistake: this is a top-shelf, luxury item.

Crafted from crossgrain leather, the Rowan File Bag is available in four different color combinations (black/gold, gold/chalk, silver/iris, and silver/bright mandarin).

The bag is stylish with its distinctive silhouette and adjustable, crossbody strap, but it's practical too.

With a volume of approximately 150 cubic inches, the bag is spacious enough to fit all of your essentials, but svelte enough to not be overly bulky.

In this sense, it's the rare bag that's versatile enough to be equally at home whether you're in the office or out on the town.

Accordingly, the bag has plenty of fans.

Across 1,293 reviews on the Coach Outlet website, the Rowan File Bag holds an excellent 4.7 star rating.

In particular, reviewers praised the bags size and style.

"Great!" wrote one reviewer, "Very wide and spacious. Bigger than I expected which is great."

"My 'just right' bag," echoed another. "I have this bag in several colors and patterns and absolutely love it.

"It holds everything I need on a typical day, has a great crossbody length strap, and looks great!

"I will continue to buy new colors and patterns in this style."

"Very class looking," wrote a third reviewer. "I really like this cross shoulder bag.

"It's a little stiff but I'm sure with use it will soften up a little.

"Really nice looking purse - looks good with casual wear or dressy."

In total, of the 1293 reviews, 83 percent of them gave the bag five stars.

Not everyone was a happy customer.

Conversely, just three percent of reviewers deemed it a one star bag.

Beyond the Coach bag, there are plenty of other deals available for shoppers.

At Nordstrom Rack, this designer bag is 62 percent off.

Similarly, this liquidation sale at Gap has dropped prices by as much as 40 percent on select items.