31 Dec '15, 9am

Fashion industry happenings have direct impact on luxury consignment market

Fashion industry happenings have direct impact on luxury consignment market

Instagram image from The RealReal Consignment marketplace The RealReal saw a 60 percent growth in revenue for Gucci products after Alessandro Michele joined the Italian brand as creative director. While brands such as Chanel, Hermès and Cartier remained as best-sellers for 2015, The RealReal notes in its end of year findings, “State of Luxury Resale 2015,” that industry events affected the resale market. For example, Alexander Wang’s departure from Balenciaga (see story ) raised the value of the designer’s namesake line by 15 percent on The RealReal. Luxury upcycle Similar to what has been seen for Gucci consignment since Mr. Michele was hired, The RealReal suggests that a comparable interest will be had for Balenciaga sans Mr. Wang. Demna Gvasalia has been hired as Mr. Wang’s replacement (see story ), and The RealReal expects Balenciaga’s sales to grow in the second half ...

Full article: http://www.luxurydaily.com/fashion-industry-happenings-ha...

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