Remember when The RealReal was sued for the carat weight of a diamond cocktail ring someone purchased on their website? Well the lawsuit has been settled, quietly with no public outcome of payment that was clearly made. The e-retailer, The RealReal, ...
StockX Is Discounting Seller Fees and Why You Should Care
StockX, the stock market of things like sneakers, handbags and shoes is discounting their sellers fees for a limited time and now is the time to jump. Normally, fees are 14.5% with a 2.9% pop to get your money out ...
The Grey Market
LONDON, United Kingdom — Fashion’s favourite poster boy of disruption Guram Gvasalia skewered the industry last year for its practice of quietly selling product on the grey market to boost sales, dubbing it the sector’s “dirty secret.” The Vetements co-founder ...
StockX Raises Another Round Of Funding
Mo Money....Mo Money....Mo Money! From Fashiontista.com via StockX On Wednesday, StockX — Detroit-based startup and "stock market of things" — announced that it has raised $44 million in Series B funding. Among its new investors are Karlie Kloss, as well as DJ ...
The State Of The Luxury Resale Industry According To The RealReal
The RealReal Releases Mid-Year 2018 'State of Luxury Resale' Report and Gucci Unseats Chanel and Louis Vuitton in Search Volume for First Time From The RealReal press release on PR Newswire SAN FRANCISCO, Aug. 21, 2018 /PRNewswire/ -- The RealReal, the leading luxury ...
Tradesy’s New Rating For Business Sellers
Tradesy is now requiring business sellers to keep a level of standard in their listings As you can see below from the email they are sending out, they are assigning points to literally everything in the listing. I get why ...
Is Closet Concierge Making A Comeback?
Remember when Tradesy purchased Fitz, the company that pairs customers with personal stylists, well, that acquisition is making way more sense now and if played correctly, could finally give them a leg up in the resale industry. Think about it, ...
What Goes Around Comes Around Teams Up With Christie’s Auction House
One of my favorite stores in New York and online, What Goes Around Comes Around is partnering with Christie's Auction House this September for a sale to remember! From Indyeastend.com There’s no one in the game of vintage fashion quite like Gerard ...
The Luxury Closet Raises $8.7M In Growth Funding
The Luxury Closet Bags $8.7 M In Growth Funding From Investors Led By MEVP Dubai-based luxury resale marketplace The Luxury Closet recently raised $8.7 million in growth round of funding, bringing its total funding till date to $18.7 million. The latest funding ...
ThredUp’s Open Letter To Burberry
In an open letter to Burberry spurred on by the fashion houses admission to burning up to $38Million dollars worth of products, ThredUp sent an open letter inviting them to send their goods to the resale marketplace with 100% of ...
The RealReal Raises $115 Million in Series G Funding
The RealReal has raised another round of funding to the tune of $115M to build new fulfillment centers and expand its brick-and-mortar footprint. Hopefully they will start addressing the authentication issues that seem to be growing on their platform! Originally posted ...
How AI Is Being Used to Combat Luxury Fakes
Originally posted on Racked.com and written by Molly Kendrick Entrupy and Goat are using AI to find counterfeit handbags and sneakers. Luxury handbags may exude the confidence of wealth, but take them with a grain of fancy salt — the counterfeit business ...
Would You Trade Your Louboutins For Points?
Luxury Shoe Club, the app that allows you to trade in your shoes for points then use those points to purchase other shoes on their app launched Monday. Yep, you won't receive money but you will receive half the resale ...
Another Day, Another Chanel Lawsuit
Another week, another Chanel lawsuit but this one is pretty massive weighing in at a whipping $56M against an eBay seller for selling counterfeit or not meant for public Chanel makeup. There is a document that Chanel provides eBay sellers ...
The RealReal Diamond Lawsuit Update
If you didn't know, The RealReal was sued a few months ago by a woman who purchased a diamond ring on t heir website. The issue was, it was listed as 2.10 carat weight but when she received the ring, ...
Own The Couture Acquires Love That Bag
Own The Couture, the luxury resale company based in Montreal, has acquired Love That Bag. In an email sent to their subscribers today announcing the acquisition, Own The Couture now places itself as one of the larger luxury resale companies ...
The RealReal is Popping Up On Melrose
The RealReal has been literally everywhere lately and with the amount of money that have raised along with the prospects of going public, their talk of sustainability (which I applaud) and yet another pop-up is just another notch in their ...
E-Drop Off Announces Closure
While it didn't come as a total shock to me, I am really sad to see E-Drop Off announce their closure. Corri had always shown was a class act she was by the way she grew her business, handled the ...
