👜 Bloomingdale’s Steps into Luxury Resale
Bloomingdale's has entered the booming luxury resale market through a partnership with Rebag. The collaboration brings over 2,500 secondhand luxury items, including handbags, watches, and jewelry, to Bloomingdales.com. In addition, 500+ curated items will be featured in five U.S. stores located in New York, New Jersey, Florida, and California.
💻 Rebag’s Role in the Partnership
Rebag, known for its expertise in sourcing and vetting luxury goods, will manage the resale process. CEO Charles Gorra stated, "We are setting a new standard in the luxury retail experience." Rebag’s custom-designed concessions will mimic its boutique stores, providing a seamless shopping experience. Customers can also sell their luxury items directly in-store, using Rebag’s Clair AI tool to get instant quotes.
📊 The Broader Resale Market
The secondhand market is rapidly growing, driven by consumer interest in sustainability and savings. ThredUp’s 2024 Resale Report highlights that U.S. apparel resale grew seven times faster than the overall market in 2023, with online resale leading the charge. Predictions suggest that online sales will constitute half of all secondhand spending by 2028, with the market reaching $40B by 2027.
🤝 Rebag’s Expanding Partnerships
Beyond Bloomingdale’s, Rebag collaborates with Moda Operandi and ThredUp, further expanding its reach. Their partnership with ThredUp, launched in November 2023, allows users to trade items for Rebag credit. Rebag’s membership program, introduced earlier in 2024, offers perks like discounts and free shipping, catering to the growing demand for luxury resale.
Is luxury resale the future of high-end shopping?
