luxury pre-owned

Luxury Pre-Owned Market Has Tripled in Size Since 2020, With No Signs of Slowing Down. Report.

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Fashion resale is getting bigger and bigger. Driven by Gen-Z, Preowned Clothing is Expected to Make Up 27% of the Average Resale Buyer’s Closet By 2023. The estimated value of the apparel, footwear, and accessories resale market is between $100 and $120 billion worldwide, more than three times the size it was in 2020, according … Read more

Neiman Marcus Group – the first major luxury retailer to directly invest in pre-owned luxury

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    The exclusive partnership will serve as a catalyst for Neiman Marcus to enable its existing customers to participate in pre-owned, while also reaching new, younger shoppers ahead of their peak spending years. Neiman Marcus Group has agreed to acquire a minority stake in Fashionphile, a leading pre-owned e-commerce company focused exclusively on ultra-luxury … Read more