Gucci and Burberry join the booming second-hand luxury market

LONDON—The booming second-hand luxury goods market is creating a dilemma for high-end handbag, fashion and jewelry makers: join the trend or ignore it.

Second-hand luxury is not new, but its popularity continues to grow. Sharp price increases from high-profile brands like Chanel SA are pushing some luxury buyers to seek out cheaper second-hand items. Others profit in good faith from the durability of second-hand goods: a pair of second-hand designer jeans no longer costs the planet’s resources to manufacture.


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