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Balenciaga, Reflaunt and the rise of resale-as-a-service

Inside Retail

OCTOBER 4, 2022

Once an item is sold, it’s shipped from Balenciaga and the seller receives either financial compensation or credit for use in Balenciaga stores. Business of Fashion research estimates that the US secondhand market will increase from $27 billion in 2020 to $57 billion by 2025. The resale model has grown significantly in recent years.

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New digital concept Gucci Vault takes you into its past and future

Inside Retail

JANUARY 27, 2022

When shoppers purchase items from the Vault, they’re making way for the item to become part of a new contemporary narrative representative of today’s consumer. At the end of 2020, the market value was estimated to be $25-30 billion, with experts predicting an annual growth rate of 10-15 per cent over the next decade.

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