Wholesale Blog

Navigating New Tariffs: What It Means for Your Resale Business in the US

Recent changes to US import tariffs are creating waves in our luxury resale industry, but we've weathered storms before and will navigate this one together. The new baseline 10% tariff is now in effect, with potential additional "reciprocal tariffs" currently paused for many countries. While these changes will temporarily affect pricing dynamics between new and pre-owned luxury goods, we expect the market to stabilize by summer as retailers adjust their pricing. LePrix is actively working to minimize impacts on your business through supplier negotiations, diverse sourcing options, and personalized support. The resilience of the luxury resale market remains strong, especially during economic shifts, and we're committed to helping you maintain healthy margins through this transition.

What Tariffs Mean for Your Luxury Resale Business

At LePrix, we know how critical reliable sourcing is to your resale business, and for many of our clients, Japan has been a trusted source for high-quality pre-owned luxury goods. However, with new U.S. tariffs being introduced, we want to keep you informed on how these changes might affect your inventory planning, pricing, and margins moving forward.

How To Finance Your Wholesale Purchases

Take control of your inventory and cash LePrix and ba/ance have partnered to provide net terms for your purchases. Similar to Buy Now, Pay Later, this feature enables you to make a purchase now and pay 30 to 45 days after your items are confirmed. Financing from ba/ance can smooth cash flow fluctuations, provide a buffer to cover other business expenses, give you a competitive edge in the market by enabling you to respond to market changes, and allow you to take advantage of new opportunities.

The Ultimate Guide to Chanel Jewelry

Chanel jewelry is experiencing an unprecedented surge in popularity, driven by a mix of timeless elegance, investment value, and social media influence. Iconic pieces like vintage CC-logo earrings, chain-link necklaces, and pearl-adorned designs are in high demand, appealing to both seasoned collectors and fashion-forward buyers.

A Brief Guide to Gucci Authentication & Serial Numbers

If you’re searching for a Gucci bag for your store, it’s imperative you know the difference between and real bag or a counterfeit. Better yet, you should just buy from a trusted reseller who has your back. If you’re still considering the transaction on your own, there are some signs you need to watch out for. Here’s a brief overview to help you get started.

The Lasting Legacy of Rolex

Rolex is an emblem of prestige, craftsmanship, and timeless design. Established in 1905, this Swiss luxury watch brand has maintained its reputation for over a century and has continuously innovated to stay at the forefront of the industry.

Prada - From History to Future

Prada, a brand synonymous with luxury and avant-garde fashion, has been a defining force in the world of high-end style for over a century.

Introducing Our New Curated Stock Program

You asked, and we listened! We’re thrilled to introduce our new curated stock collection, designed to provide a seamless and profitable purchasing experience. Want to know how it works? Read our in-depth blog below to learn how to start sourcing from this collection for your business. Here's what you need to know:

Top 10 Tips to Grow on Social Media, According to an Expert Social Media Strategist

Essential steps to grow your community and sales on social media. Learn how to elevate your brand and grow your business.

Auction Tips for Success

Key takeaways to help you understand auctions and tips to boost your chances of winning.

Getting Your Instagram Account Reinstated

Could the Resale Industry Gain Billions in Incentives from New Legislation?

Did you know that The Americas Trade and Investment Act may impact the resale industry in the size of billions in loans and grants for companies (like yours) that are supporting circularity? The Americas Trade and Investment Act, also known as the Americas Act, was initially drafted last year to strengthen trade and manufacturing relationships between North America, Central America, South America and the Caribbean. Last week, Senators Bill Cassidy and Michael Bennet and Representatives Maria Salazar and Adriano Espaillat officially announced the full bill, which includes subsidies and incentives for circular fashion companies.

What does the Chanel v. WGACA verdict mean for my resale business?

Six years ago, Chanel Inc. initiated legal action against What Goes Around Comes Around (WGACA), citing trademark infringement, false association, and false advertising, among other claims. Just recently, a federal jury in NY unanimously ruled in favor of Chanel on all counts, awarding Chanel $4 million in damages - a victory that stands as a win on principle alone - for this $71B luxury brand. The verdict has sparked alarm in the resale world, prompting questions about its implications for resale businesses. This landmark case does not halt the resale industry in any way; instead, it offers valuable insights for the pre-owned resale sector on how to sell and market second-hand luxury goods without infringing on any brand's trademarks. Let's delve into some key takeaways.

LePrix’s 2023 Resale Report

Discover the most comprehensive analysis of the luxury resale B2B industry. LePrix's data team performed a deep dive on analytics, recaps industry trend learnings for 2023, and shares their takeaways on what retailers will be sourcing in 2024.

Launch of Pre-Owned Luxury Watches

Pre-owned luxury watches are now available. Each pre-owned luxury watch sourced on LePrix is inspected and authenticated. Add watches from highly coveted brands like pre-owned Rolex, Omega, Cartier and more to your business and tap into a rapidly growing, high demand luxury category!

Important Updates Coming to LePrix

We're excited to announce three main feature updates coming to LePrix in partnership with ba/ance.

How to Grow My Sales

For business owners, increasing sales is key, so we've gathered 15 ideas to help you do just that.

We're More than Just Bags

Discover a diverse assortment of over 10,000 items across multiple luxury categories every week.

How to Find the Best Deals in Stock

There can be over 10,000 items listed under 'Stock' at any given time. Find the best, well priced items that your customers will love!

The Luxury Brand Hierarchy

Knowing which brands will yield your highest margins are key to your business's growth.

Why Your Business Needs a Subscriber List

Social media platforms like Instagram and Facebook are a great way to market your resale business. However, we’ve all heard stories about businesses that have had thousands of followers losing their pages with no recourse, which can be devastating for a business. This is why you must have a subscriber list.

Authenticated by the Best-in-Class, Independent Authenticators

Ever wonder why LePrix uses independent, third-party authentication companies to authenticate? Learn more about the benefits of using the best-in-class independent authentication companies and how this helps your business establish trust and credibility.

What is Louis Vuitton’s New Neverfull Waitlist Policy?

Rumors are swirling that Louis Vuitton is halting production of its iconic Neverfull bags. The recent news has been met with some people praising Louis Vuitton’s decision and others mourning the loss. So, is Louis Vuitton discontinuing the Neverfull?

How to Use Our Condition Guide to Source the Best Pieces for Your Business

As top designer brands like Louis Vuitton and Chanel continue to raise retail prices, more consumers will flock to resale sites to find the best designer deals. Meeting consumer demand means resale businesses need a transparent partner to source from, since tears, scratches, and cracking can make or break a sale.

Buying vs. Consignment Which Should You Use to Stock Your Business?

The demand for resale products is skyrocketing, and some of your customers' most-wanted bags and accessories are becoming very hard to find. So, how do you make sure you receive the Louis Vuitton and Chanel bags they really want? You could buy them from a wholesale supplier, rely on customer consignments, or try a combo of both.