Bloomingdale’s prospects will now be capable to store from a number of pre-owned luxurious purses, watches and tremendous jewelry, courtesy of on-line reseller Rebag, the 2 corporations introduced Thursday.
This assortment of merchandise will likely be obtainable on-line and in 5 Bloomingdale’s areas — together with Quick Hills, New Jersey; Boca Raton, Florida; and Los Angeles — as shop-in-shops.
Customers may even be capable to promote their very own pre-loved items and obtain presents from Rebag, which presents a quote and fast payout for accepted merchandise. The partnership is designed to satisfy buyer wants and “brings a brand new set of ultra-luxury manufacturers to Bloomingdale’s,” Jennifer Jones, common merchandise supervisor of girls’s equipment on the retailer, stated in an announcement.
As the style resale market continues to swell, pushed by younger shoppers and altering attitudes round luxurious style, main retailers together with Walmart and Amazon have inked related partnerships with numerous secondhand platforms in recent times. In 2019, Neiman Marcus bought a minority stake in Fashionphile, a Rebag competitor. What Goes Round Comes Round, one of many first luxurious purse resellers on the scene, sells its assortment to Amazon, Walmart.com and Dillard’s, one other American division retailer chain.
Rebag additionally counts Moda Operandi and fellow on-line reseller ThredUp as promoting companions. Two of its three New York Metropolis shops closed lately as the corporate strikes to concentrate on these partnerships, a spokesperson stated.
In the present day, the web resale area is rising crowded and aggressive. It’s nonetheless extremely tough to function profitably; simply earlier this yr, The RealReal posted constructive quarterly earnings earlier than curiosity, tax, depreciation and appreciation, for the primary time since its IPO in 2019. In 2022, peer-to-peer style market Poshmark, as an illustration, was offered to a South Korean tech firm only a yr and a half after it went public, at half the valuation of its IPO.
Be taught extra:
Why Manufacturers Are Racing Into Resale — in 5 Charts
A whole bunch of style corporations want to construct their very own resale channels, giving rise to a brand new class of B2B start-ups that intention to assist them navigate the nascent business.
