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.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button