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Why Some Luxury Brands Are Learning to Love Resale | BoF Insights

As Balenciaga becomes the latest luxury brand to launch a resale programme, BoF Insights looks at the positive impact of the secondhand market on brand image.
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On Monday, Balenciaga announced that it will allow customers to sell their clothes and accessories in exchange for cash or a credit toward future purchases. The programme is being run by Reflaunt, which provides the back-end for many brands that deal in the secondhand market.

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Further Reading

The Next Shakeup in Resale

Vestiaire Collective plans to shut down Tradesy and make a major push into the US, injecting fresh competition into a market where even the biggest players are struggling to turn a profit.

Is Resale Fuelling Overconsumption?

Ultra-fast fashion e-tailer PrettyLittleThing is the latest brand to launch a secondhand marketplace, playing into a debate over whether resale is becoming a smokescreen for even more and faster consumption.

About the authors
Diana Lee
Diana Lee

Diana Lee is the Director of Research & Analysis at The Business of Fashion. She is based in London and oversees the content strategy and roadmap for BoF Insights.

Rahul Malik
Rahul Malik

Rahul Malik is the Chief Growth Officer & Head of BoF Insights for The Business of Fashion. He is based in New York City.

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