Fashionphile

Fashionphile, Rebag and other secondhand e-commerce platforms are opening stores and partnering with multibrand retailers in a bid to reach new customers.

Lower consumer prices and pending interest rate cuts won’t completely solve fashion’s economic woes, but a rosier outlook this year gives brands a chance to drive profitable growth as consumer spending rebounds.

It’s easier than ever for consumers to buy fakes online. But the spike in counterfeit sales may also have something to do with how brands themselves are pricing and marketing their products.

With Poshmark and ThredUp joining The RealReal in going public, the fashion resale market is set for major change. BoF examines the five key questions that will determine how the space shapes up.

From stalwarts like T.J. Maxx and Nordstrom Rack to venture-backed newcomers and online luxury resellers, a multitude of discount retailers are all vying for a piece of the growing off-price market, which will thrive amid the lingering global recession.

The company has closed its latest funding round in the throes of the coronavirus pandemic, suggesting resale is one area of luxury investors are optimistic about.

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.

The luxury retailer recently filed for bankruptcy protection, owing $1.6 million to Prada and millions to other Kering and LVMH labels.

The American handbag company plans to launch its own resale platform, one of the first luxury brands to directly engage with the booming secondhand market.

The luxury online reseller is slated to go public on the Nasdaq Friday, but how its shares fare after the bell will depend on whether investors see a path to profitability for the resale platform.