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How did customers at luxury brands get so young?
Luxury stocks rally as China reopens, but consumers may shop 'in-house
UK's Sign of the Times to Expand Luxury Resale Platform
2021 was the year when crossovers between retail and resale finally took off. Resale platforms received hundreds of millions of dollars in investment from Kering and SoftBank, among others, and dozens of mainstream brands and retailers from Madewell to Farfetch launched their own resale programs.
In 2021, brands finally went all in on resale - Glossy
The luxury retailer is taking a minority stake in Fashionphile, an online seller of preowned designer handbags and accessories. Customers will be able to drop off bags, jewelry and other accouterments at stores in exchange for cash.
Neiman Marcus Pushes Into Growing Market for 'Preloved' Handbags - WSJ
The RealReal's Push Upmarket Creates Opportunity for Competitors and Premium Brands to Gain Share
Luxury Resale Market Topped $37 Billion in 2021, Set to Grow Further - The Fashion Law
After getting its start as a rental business, Rent the Runway is getting deeper into resale. Its partnership with Saks Off 5th is the latest example.
How Rent the Runway is building out its resale business
The musician and fashion star launched an auction house that aims to take on Christie’s and Sotheby’s by selling items from his personal collection—and from those of his friends.
Inside Pharrell's Celebrity Auction House Gamble - WSJ