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Here's all about Chanel's resale value, price increases, and popular styles that make Chanel one of the best investments.
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Why is this Chanel bag a smart investment?
After graduating law school in 1999, Sarah Davis started a modest store called Fashionphile and noticed her luxury items were reselling close to—and in many cases above—retail prices. So later that year, she launched Fashionphile as a standalone ecommerce site focusing on the consignment of luxury labels. From Louis Vuitton’s Neverfull Tote to Chanel’s Classic Double […]
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Despite a looming recession, online purchases of designer fashions continue to grow. According to a recent report by IBIS World, sales of designer fashions are trending upwards making it the fastest growing online retail sector. Revenues are expected to reach $13.8 billion with overall market share growing by 2.7 percent in 2022. This aligns with recent growth trends which has seen online designer clothing sales grow 8.5 percent a year on average between 2017 and 2022. The most in demand brands include Louis Vuitton, which reached a value of $51.7 billion in 2020, followed by Chanel at $36.1 billion and Hermes at $33 billion. Overall luxury sales continue to rise both in-store and online with the U.S. topping out as the number one consumer for luxury items at $64.8 billion in 2020 followed by China at $51.8 billion. The U.S. held 28 percent of the global luxury market, well ahead of China at 20 percent and Japan at 8 percent.
In-Store and Online Luxury Sales Grow Despite Recession Fears
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How to Source Luxury Brand Inventory at a Discount to Sell on Poshmark
