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Industry + Insights / July 21, 2019 / Mary Zubritsky
Top 5 Reasons to Shop Designer Resale
On Monday, a world-famous luxury department store made headlines after announcing they’re preparing to file for bankruptcy in the coming weeks. So, my coworker (at the software company) pointed it out and wanted to know why. She thought they were doing so well! But we also felt the same way about other now defunct businesses… “Consumers know they no longer have to pay full price,” I said. “The resale market is on fire.” “I get it! People prefer fast fashion over luxury retail,” she said. “Nope, fast fashion is also dying out,” I responded. “And it’s killing our planet.” Should this department store move forward with bankruptcy, they’d be the most high-profile victim of the shift in the retail world to date, but certainly wouldn’t be the last.

A love affair of flair 

I’ve previously written posts about my love for designer resale, and after I left NYC, I was very concerned about my wardrobe. What would I do without my massive corporate discount? What would I do without the designer sample sales where I could snag items at 90% off retail price? Ok, but the catch was you’d have to fit into the runway samples! And what would I do without access to all my favorite designer resale boutiques in NYC…like A Second Chance, Designer Revival and Michael’s? Well my first reaction was to give up the glam life and start dressing like some dowdy, pearl-wearing DC chick—ick. But I quickly kicked those newly purchased preppy duds to the curb after I realized I could still shop my fave NYC boutiques—and more—at LePrix! So, instead of spending my time trolling the local shops where I’d undoubtedly leave with an item that 15 other women in my neighborhood currently own, I could get amazing designer dresses, handbags, shoes and belts on LePrix for less—without looking like everyone else. Look, I know there’s a ton of competition out there and new designers and stores are popping up every day. But I also know that paying $75 for a vintage Burberry cashmere cardigan makes way more dollars and cents than paying $75 for a brand new, itchy, shapeless, polyester-blend cardigan from a store that rhymes with Dan Sailor. Just sayin’… So, it should come as no surprise to you that I’m a designer resale addict, and I think you should be too! Here are the top 5 reasons why you should embrace designer resale:

It’s good for the planet

Sustainability is most certainly a big buzz word for 2019—and it’ll get even bigger as we move on to 2020—and beyond! Did you know the fashion industry is one of the biggest polluters in the world? In the past 20 years, there’s been a 400% increase in the consumption of clothing.

So, what happens with those items once you’ve trashed them? Well, the equivalent of one garbage truck full of textiles is landfilled or incinerated every second! And 100 million tons of non-renewable resources are used each year to produce clothing and accessories.

“There are numerous reasons for the recent rise of resale, including environmental benefits and the desire for frequent turnover of wardrobes, especially among the Instagram generation.” – The Raymond James Financial Center, “Rise of the Fashion Resale Marketplaces” 2019

Research shows that every time you buy pre-owned luxury, you decrease your carbon footprint and increase the lifespan of the item. But if we all did our part and chose one resale item instead of new, we could save 449 million pounds of waste and 25 billion gallons of water! As consumers become better informed about the fashion industry’s impact on the environment, brands will have to think about how their products are made, ensure they’re made well enough to retain resell value, and consider their end-of-life solutions. With resale you’re extending the life of something that’s already been produced, rather than creating a trendy new item that’ll be ‘so last season’ in the blink of an eye. So, you already know we’ve got some amazing designer items, but did you know we’re sustainable too? With over 250,000 pre-owned bags consigned on LePrix, we’ve already helped alleviate our carbon footprint by 4.2 million pounds of carbon dioxide emission and we’ve saved 1.5 million gallons of water! And this is just the beginning.

It’s good for your wallet

I’m the queen of “OMG, this is so cheap and worth so much more. I’d be a fool to pass up this deal!” And trust me, those “cheap” purchases add up, just as quickly as your $12 designer salad at lunch. But here’s the thing…if you buy a high-quality product, it’s easier to justify because you’ll be able to resell it later and make a little money! More than I can say for that salad.

In retail it’s both a buyer’s and seller’s market. So, let’s say a fancy Park Avenue lady gets next season’s Christian Dior Saddle Bag from the flagship shop in Paris before everyone else. Once the rest of us can purchase it, she’s already moved on to next season and has consigned the bag with LePrix. Now you can get your hands on that bag in nearly perfect condition for at least 25% off retail price. Then once you’re sick of it in a year or two, you can sell the bag back to LePrix, and you’ll make money too!

Christian Dior D-Fence Studded Leather Saddle Bag 

Do you hear that? That’s the sound of extra coin dropping into your vintage Moschino Percy the Piggy Bank.

You’ll find one-of-a-kind, hard-to-find pieces

I know they say imitation is the sincerest form of flattery, but I just don’t think that should apply to your personal style. In middle school, we all wanted to dress like each other to fit in, but we’re grown a$$ adults now who can pay for our own clothes and shouldn’t want to look like everyone else!

Ok, so that takes me to mass market retail and fast fashion. Why do you want to buy the items that everyone else owns? Wouldn’t you rather purchase an item that no one’s ever seen before and they’re just dying to find out where you got it and how they can get their hands on it too? Well, they can’t because you got a one-of-a-kind design from a luxury resale site! So, while they’re busy searching for something similar, you can sit back and feel like you’re the world’s best shopper!

LePrix has items that have never been reproduced. We’re talking custom-made, designer samples that were created for movie premieres and Vogue photoshoots. Don’t believe me? Check out these two super unique pieces I stumbled upon!

Gucci Sequin & Snake Block Heel Mules 

 

Louis Vuitton x Jay Ahr Embroidered American Flag Keepall Luggage Bag

You’ll save space!

Most of us do not live in a suburban mansion with a walk-in closet. A lot of us are city-dwellers with one closet the size of a shower...which means we have no space for excess items. Well luckily designer resale encourages clothing and accessory rotation, not accumulation. So whenever you realize that Fendi Baguette is no longer sparking joy, consign it with LePrix.

And while I know you were just looking to downsize to make some extra space, a little wallet goes a long way and it fits inside just about everything, so no additional clutter!

Louis Vuitton Capucines Leather Wallet 

 

Chanel Quilted Leather Boy Wallet 

It's easy! 

Seriously, designer resale makes it easy for you! Whether you’re looking to clean out your closet or just make a few extra dollars, technology makes it a cinch to make money and save space. Online shopping, mobile apps and personalization have made buying designer resale as easy as buying new and this type of convenience and trust has attracted an entirely new generation of secondhand shoppers.

Since we know you're too busy to personally photograph, write up and post all your belongings on some monotonous bidding site, why not consign with LePrix? Whether you’re looking for white glove service or you're more of a DIYer, LePrix is here to help. Simply fill out this form to receive your free consignment kit or visit one of our over 500 boutique partners—click here to find the one closest to you!

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