With fashion houses raising prices due to soaring costs and inflation, the secondary market is expecting another boom.
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They say diamonds are a girl’s best friend — but perhaps preowned bags are becoming the new “it girl.” Fashionphile is one of the largest ultra-luxury accessory secondhand shopping hubs.
Shop second-hand designer from hidden gem Fashionphile NYC
2022 Ultra Luxury Resale Report - Fashionphile
2022 Ultra-Luxury Resale Report - Academy by FASHIONPHILE
The Most Popular Handbags of 2023, According to Fashionphile
The luxury industry is witnessing a slowdown as consumer spending is affected by high inflation and global recession fears.
Inflation is making luxury handbags 'unaffordable to an
High-end luxury brands are reporting strong sales even as retailers catering to more mainstream customers cite a pullback in consumer spending.
Ultra-rich still shopping for luxury despite inflation, recession
Transparency Market Research Inc. -According to TMR research, the global luxury handbag industry is expected to expand at a CAGR of 6.1% during the forecast period from 2023 to 2031.
Luxury Handbag Demand Rising at a CAGR of 6.1% from 2023 to 2031
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