Neiman Marcus invests in luxury reseller Fashionphile, proving the power of re-commerce and Millennials
Share to twitterNeiman Marcus says it's the first major luxury retailer to invest in a resale business, taking a minority stake in Fashionphile. The retail industry, traditionally built on selling new things, is responding to consumers’ growing appetite for resale. The latest example: Neiman Marcus said it has become the first major luxury retailer to directly invest in the pre-owned business, taking a minority stake in 20-year-old luxury resale player Fashionphile.
Neiman Marcus, based in Dallas, decided to invest in resale last year after a company survey of its customers found that more than half of them engage in “re-commerce” but weren’t happy with their resale experience, Raemdonck said. Raemdonck, an industry veteran who has been with companies including Ralph Lauren and Louis Vuitton, said he isn’t worried that re-commerce or the growing sustainability movement will hurt luxury industry demand.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Neiman Marcus has invested in an online secondhand luxury handbag store in its bid to woo millennial and gen z shoppersNeiman Marcus announced Wednesday that it has acquired a minority stake in Fashionphile.
Weiterlesen »
Goldman’s digital product Marcus is eyeing a wealth service for the US' affluent populationGoldman Sachs is developing an investment platform that will be offered via its digital offshoot Marcus and target US' mass affluent segment.
Weiterlesen »
Neiman Marcus has invested in an online secondhand luxury handbag store in its bid to woo millennial and gen z shoppersNeiman Marcus announced Wednesday that it has acquired a minority stake in Fashionphile.
Weiterlesen »
Why Fashion and Luxury Companies Are Investing in FilmA new documentary about hip-hop stylists and designers began as an answer to a marketing puzzle for MCM Worldwide
Weiterlesen »
For Amazon, China’s E-Commerce Market Proved Too Much of a JungleAmazon is checking out of China’s fierce e-commerce market, marking an end to a long struggle by U.S. tech giants
Weiterlesen »
Goldman’s digital product Marcus is eyeing a wealth service for the US' affluent populationGoldman Sachs is developing an investment platform that will be offered via its digital offshoot Marcus and target US' mass affluent segment.
Weiterlesen »
5 things about newly-public African e-commerce site JumiaJumia, an African e-commerce site, has gone public as the continent grows, but it’s still facing some challenges.
Weiterlesen »
Facebook dominates Afghan e-commerceFacebook has become Afghanistan's premier internet bazaar, but now it’s become a headache for sellers
Weiterlesen »