Latest Trending
Last Updated, Jan 13, 2024, 2:00 AM
Luxury Hand-Me-Downs Are Now Worth Billions of Dollars


As much as luxury companies would love to stamp out the secondhand trade in their products, it’s an impossible task. All the better for fashionistas and investors, who can both benefit from this booming business.

Shoppers have splashed out $1.3 trillion on new luxury handbags, clothes, watches and jewels over the past four years alone. At least some of that stuff will find its way onto secondhand websites. While in the past, unworn luxury goods would gather dust at the back of consumers’ wardrobes, the rise of online luxury resellers like The RealReal and Vestiaire Collective has made it easy for millions of people to sell their designer goods for cash.

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com

Latest Post

Police log 4/29/24 – Itemlive

Last Updated,Apr 29, 2024

Regions top 5 percent high school students honored at 2024 Honor Scholars Recognition Dinner

Last Updated,Apr 28, 2024

Acquitted of the crime, but still does the time

Last Updated,Apr 28, 2024

ROUNDUP: Eight games in, Prep laxmen stay perfect

Last Updated,Apr 28, 2024

LTE: Danielle Leonard represents needed change in Swampscott

Last Updated,Apr 28, 2024

FTC ban on noncompetes is a victory for the US economy

Last Updated,Apr 28, 2024

Editorial: Rep. Nick LaLota split from the pack to vote for Ukraine

Last Updated,Apr 28, 2024

Letters to the editor: Hotels are not the problem

Last Updated,Apr 28, 2024

Blotter: Speeding motorcyclist arrested on warrant

Last Updated,Apr 27, 2024

Oil refinery in Russia region damaged in Ukraine drone attack: Authorities

Last Updated,Apr 27, 2024

ROUNDUP: St. Mary’s baseball remains undefeated

Last Updated,Apr 27, 2024

Page one 4/27/2024 – Itemlive

Last Updated,Apr 27, 2024