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Old fashion: Vintage boom buoys RealReal and jolts luxury labels

Reuters  |  PARIS/NEW YORK 

By Sarah White and Melissa FaresPARIS/NEW YORK (Reuters) - Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups.Sales of second-hand, or vintage, luxury goods - from Chanel handbags and Gucci dresses to Rolex watches - are thriving on dedicated web platforms that are drawing a younger clientele seeking bargains and championing recycling.The RealReal could be ready to list on the stock market within two years, when it ...

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First Published: Tue, July 10 2018. 11:56 IST