This past weekend I had a tiny fit while trying to find something in my closets. Yes, I have two very large closets and they're ...
Another woman arrested for returning fake handbags
I literally cannot believe another woman has been arrested for the same scam of purchasing luxury bags as places like TJMaxx and returning counterfeits. Clearly ...
Vestiaire Collective Lowers Commission Structure
Vestiaire Collective, the luxury resale marketplace has announced an update to their commission structure with changes effective April 10, 2019. They have tried really hard ...
Is Tradesy the next resale company to fold?
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 ...
How To Stop Counterfeiters – Remove their ability to get paid
Removing the counterfeiters ability to accept payments has the IACC and Mastercard working closely together IOffer has zero listings for Chanel, Supreme or any ...
Rebag Raises Another $25M To Open Retail Stores
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 ...
Bluefly Closes
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 ...
Poshmark’s Year In Social Commerce Report
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 ...
The RealReal responds to Chanel’s lawsuit and it’s everything you expected and more
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 ...
The RealReal Moves Towards IPO
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 ...
Goodwill Announces Partnership With Entrupy For Luxury Handbag Authentications
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, ...
LePrix Closes Another Round Of Funding
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 ...
True Facet Closing Another Round of Funding
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 ...
InstantLuxe and Private Griffe To Close
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 ...
Designer Vault Closes, Files Chapter 7
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, ...
Never Lose An Instagram Sale Again
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 ...
Chanel Sues The RealReal
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 ...
LePrix Launches Wholesale Auction for the Designer Resale Industry
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 ...
