“I’m sure the brands are not super happy that we’re creating a greater level of accessibility, which goes against their exclusivity goals,” said Seth Weisser, co-founder and CEO of What Goes Around Comes Around. “But it’s the way forward.”
Many shoppers regard their luxury accessory purchases as assets that could appreciate in value, opening new opportunities for the luxury resale market and emphasising the importance of authentication, according to new research from BoF Insights, conducted in partnership with .
BoF Insights, The Rise of Resale: Luxury as Currency
In 2022, More People Bought Vintage Clothes, 'Flipped' Resale
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Secondhand shops have been popping across Michigan as more thrifters are turning their hobby into a business.
Old clothes, new stores: Secondhand shops pop up across Michigan
The Luxury Market Has Found a New Audience Through Resale
In the first full year of freedom since the pandemic across most of the world, consumers sought excitement from their accessories and shopping experiences.
From meme fashion to gamified drops: The top consumer trends of
Insight As the popularity of preloved clothing continues to grow, Claire Jenns uncovers the commercial opportunities of reselling. Reselling as a commercial opportunity Hanrahan made the case as to why brands should invest in sustainable reselling: “Brands ask us whether reselling will cannibalise new product sales, but this is not the case. Preloved garments have a 40% resale value and brands can engage with customers who can’t afford to buy new full-price items today, but they might tomorrow.” In 2022
Turning a profit from the resale game - Just Style magazine
The new site focuses on selling pre-owned luxury items, including high-end jewellery, bags, and trainers
Resale website focuses on high-end fashion - Springwise
Luxury resale – buying and selling of preowned luxury goods – is a booming business that is fuelled by digital businesses that are also opening brick-and-mortar storefronts.
The Rise of Pre-Owned Luxury Fashion Marks Shift Amid
Luxury Futures: Chris Donnelly on refashioning luxury - Luxury