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Closet Full Of Cash
In The News

Is Tradesy the next resale company to fold?

by Closet Full Of Cash Friday, March 29, 2019

UPDATE: I was just forwarded an email that breaks down Tradesy's explanation as to why they are accepting returns due to pricing. I will not ...

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In The News

How To Stop Counterfeiters – Remove their ability to get paid

by Closet Full Of Cash Wednesday, March 20, 2019

Removing the counterfeiters ability to accept payments has the IACC and Mastercard working closely together IOffer has zero listings for Chanel, Supreme or any ...

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Funding

Rebag Raises Another $25M To Open Retail Stores

by Closet Full Of Cash Friday, February 8, 2019

Rebag, an online resale marketplace for luxury handbags, is getting another infusion of capital as it prepares to expand its offline retail operations. The company ...

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In The News

Bluefly Closes

by Closet Full Of Cash Friday, February 1, 2019

RIP, Bluefly. The fashion-focused web pioneer — which began hawking discounted designer duds more than 20 years ago — abruptly closed its doors on Friday, surprising ...

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In The News

Poshmark’s Year In Social Commerce Report

by Closet Full Of Cash Thursday, January 31, 2019

Poshmark recently released their "Year In Social Commerce" report and as the title states, shopping is all about social right now and it's not going ...

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In The News

The RealReal responds to Chanel’s lawsuit and it’s everything you expected and more

by Closet Full Of Cash Wednesday, January 30, 2019

The RealReal has responded to Chanel's lawsuit filed last November claiming that they (TRR) are selling counterfeits and it's everything you thought it would be ...

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In The News

The RealReal Moves Towards IPO

by Closet Full Of Cash Sunday, January 20, 2019

The RealReal is pushing forward with IPO The RealReal which is the largest luxury resale company around is quietly taking the first step in quietly ...

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In The News

Goodwill Announces Partnership With Entrupy For Luxury Handbag Authentications

by Closet Full Of Cash Thursday, January 10, 2019

https://closetfullofcash.com/wp-content/uploads/Goodwill-and-ENtrupy-announce-partnership.jpg Goodwill announces partnership with AI authentication company Entrupy. From Retail Dive: Dive Brief: Shopgoodwill.com, the e-commerce site used by several Goodwill organizations to sell items online nationwide, ...

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Funding

LePrix Closes Another Round Of Funding

by Closet Full Of Cash Monday, December 31, 2018

LePrix, formerly Snobswap, is on the road to closing another round of funding of $2million with a debt financing round closed this month of $771K ...

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Funding

True Facet Closing Another Round of Funding

by Closet Full Of Cash Monday, December 31, 2018

True Facet, the marketplace for luxury watches and jewelry is raising another $10million in funding according to TechCrunch. If you haven't checked them out, I ...

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In The News

InstantLuxe and Private Griffe To Close

by Closet Full Of Cash Friday, December 21, 2018

With the announcement of the closure of InstantLuxe and Private Griffe, 2018 has shaped up to be quite brutal for some of the largest players ...

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In The News

Designer Vault Closes, Files Chapter 7

by Closet Full Of Cash Friday, December 14, 2018

Designer Vault, the purveyors of vintage Chanel announced today that they have ceased operations and have filed Chapter 7 bankruptcy. Their website is shut down, ...

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In The News

Never Lose An Instagram Sale Again

by Closet Full Of Cash Wednesday, December 5, 2018

https://closetfullofcash.com/wp-content/uploads/Posh-Pawn-Facebook-Page-800x642.png Selling off of Instagram has never been easier with Shopify Connect your Shopify website to Facebook and add products to the shop page which will pull ...

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In The News

Chanel Sues The RealReal

by Closet Full Of Cash Thursday, November 15, 2018

Reposted from the Fashionlaw.com: THE FASHION LAW EXCLUSIVE — Chanel is not a fan of luxury resale sites. Several months after filing suit against What Goes ...

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In The News

LePrix Launches Wholesale Auction for the Designer Resale Industry

by Closet Full Of Cash Wednesday, November 7, 2018

Below is the press release that LePrix put out today offering the stores on their platform to shop “wholesale” for luxury goods and while this ...

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In The News

Judge Rules in Chanel vs. What Goes Around Comes Around Case

by Closet Full Of Cash Monday, October 8, 2018

Chanel vs What Goes Around Comes Around trademark lawsuit hands a small, early victory to the luxury brand Originally posted on Fashionlaw.com Chanel does not want others ...

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In The News

Instagram Influencers Promoting Counterfeits

by Closet Full Of Cash Thursday, September 27, 2018

Dupe. This is a word I have hear of many times of before, but this past weekend, took on a whole new meaning and it's ...

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In The News

The RealReal Diamond Lawsuit Ends….Quietly

by Closet Full Of Cash Monday, September 24, 2018

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 ...

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closetfullofcash

The first and only blog dedicated to the Luxury Resale Industry.

Instagram post 2188983366368127341_2144895846 Just sayin’, not a smart move if you own a resale business.
Instagram post 2187484884776111606_2144895846 Know what’s appropriate for that brand. 
Do they make that tag in that color? 
Is there supposed to be plastic there?
Receipts are fakes along with boxes, dust bags and everything else.
There are no factory seconds. Period.
All these images are of counterfeit products so make sure you do your due diligence when shopping! #counterfeit
Instagram post 2187465648213090786_2144895846 Just a few basic tips to keep you safe when shopping this holiday season!
Instagram post 2185873001199619577_2144895846 Did you purchase stock in The RealReal?
Instagram post 2185858760153447684_2144895846 While it’s a known fact that @etsy is a hotbed for counterfeits, their algorithms should pick up on multiple listings by different sellers using the same picture. Pricing is ridiculous and don’t think for a second that you will actually receive an authentic bag. #counterfeit #etsy #notvintage #louisvuitton
Instagram post 2184386338938065652_2144895846 When the leather has been replaced by Louis Vuitton, you will find plastic on the handles and maybe a few very rare instances when purchasing from the boutique itself. Anything else now matter what story you are told is a fake. This beauty is available at @deluxe_consignment .
#louisvuitton #authentic #resale #consignment
Instagram post 2181086035794743236_2144895846 Names have been blacked out to protect the utter fools selling their used underwear on @Poshmark. Hey, come to think about it, weren’t they gearing up for IPO? 🤦‍♀️ #poshmark #dirty #resale
Instagram post 2178216137448085375_2144895846 #thrifterforlife $22 bucks, NWT Missoni dress and Valentino heels in of course, not my size. Seriously though, I thrift to de stress and I just happen to be very lucky the few times I go but I also have an eye for “money”!
Instagram post 2171621353971446355_2144895846 How are you going to bitch about a counterfeit necklace?!?!😂😂
Instagram post 2170841071936653790_2144895846 If you’re not already, go follow @closerlookofficial Great posts on authentication plus images!
#authentication
Instagram post 2161877464385435832_2144895846 Rebag has launched Clair which allows you see what your bag is worth and sell immediately. Link to Clair in bio and I’ll add my two cents in CFOC later!
Instagram post 2161296805350667973_2144895846 @luxurygaragesale has penetrated the fashion walls of @amazon 🤔

#amazon #lgs #resale #consignment
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