Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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South Africans love their Louis Vuitton and Gucci bags and it shows with the rise of preowned luxury bags being sold

Designer handbags, particularly from Hermes, Louis Vuitton and Chanel, have historically outperformed both gold and the S&P 500.

Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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 By CODO Fashion Experts Resale is on the rise: the $24 Billion market is expected to reach $51 Billion by 2023—that’s some 10 percent of the retail market. What do these astonishing numbers mean for the fashion world? Pictured: co-founder of CODO, Inc, Yulia Omelich, in Greenwich, CT store. Times and trends are changing. More and more women are choosing the resale market for their designer wardrobes. In fact, ThreadUp’s report on the resale market size shows some 68% of women have bought or are willing to buy from the second-hand market. Apparel, accessories and especially handbags are dominating the resale industry, as consumers are becoming more aware of its benefits. As a result of these trends, designer consignment stores that carry previously used luxury handbags, accessories and clothing are gaining popularity over typical retail and department stores.   ♻️ Sustainability

Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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Why second hand luxury bags have become so lucrative

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