The Business of Fashion
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The British department store said on Thursday it is partnering with the resale technology provider to help customers purchase and sell pre-owned clothing, accessories and watches. Those selling their items can earn up to 80 percent back of the original price of their products. The service will be available online and in-store in the UK from Aug. 26.
The service offers product authentication and will also set prices and upload imagery for listings on Reflaunt’s network of second-hand marketplaces. Payment will be distributed via a direct bank transfer or Harvey Nichols vouchers.
The resale service will launch outside of the UK in September and will include complimentary shipping.
Reflaunt, which also works with Balenciaga and Cos, plans to launch in key international cities across Europe and Asia by the end of the year.
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The Future of Fashion Resale Report — BoF Insights
BoF’s definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy. To explore the full report click here.
The Future of Fashion Resale is the first in-depth analysis to be published by the BoF Insights Lab, a new data and analysis unit at The Business of Fashion providing business leaders with proprietary and data-driven research to navigate the fast-changing global fashion industry.
Learn more:
The Future of Fashion Resale Report — BoF Insights
BoF’s definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy.
