With fashion houses raising prices due to soaring costs and inflation, the secondary market is expecting another boom.
Fashionphile Bags Nearly $500 Million In Sales As Post-Pandemic
It’s funny to think back to when my admiration (and now deep obsession) for handbags really took flight. It was during my first year of college, where I dreamed of making enough money to one day buy a…
PurseBlog Asks: To Buy (or Not to Buy) a Classic Chanel Flap Bag
Despite a looming recession, online purchases of designer fashions continue to grow. According to a recent report by IBIS World, sales of designer fashions are trending upwards making it the fastest growing online retail sector. Revenues are expected to reach $13.8 billion with overall market share growing by 2.7 percent in 2022. This aligns with recent growth trends which has seen online designer clothing sales grow 8.5 percent a year on average between 2017 and 2022. The most in demand brands include Louis Vuitton, which reached a value of $51.7 billion in 2020, followed by Chanel at $36.1 billion and Hermes at $33 billion. Overall luxury sales continue to rise both in-store and online with the U.S. topping out as the number one consumer for luxury items at $64.8 billion in 2020 followed by China at $51.8 billion. The U.S. held 28 percent of the global luxury market, well ahead of China at 20 percent and Japan at 8 percent.
In-Store and Online Luxury Sales Grow Despite Recession Fears
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Handbag Open House – Volume One
NATIVE SON harnesses the collective power of Black gay men with the goal of ensuring that our voices, visibility, and lived experiences are elevated in all of the communities in which we exist and never again disregarded.
Test Gallery – Native Son
Madison Wright - Procurement Specialist, Handbags & Accessories
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