Now the company has partnered with resale giant The RealReal, with US shoppers who offer a used piece of Burberry on The RealReal’s site to get an invitation to high tea and a personal shopping session at one of the British luxury brand’s 18 US boutiques.
It marks the increasing connection between luxury labels and high-end resale, an area that designer brands have largely avoided getting too close to until now.
But as resale becomes one of the most dynamic sectors of the fashion market and as processes for authentication improve, a resale link-up is a big win for any brand setting out to improve its sustainability. That was borne out by Richemont’s purchase of watch resale brand Watchfinder last year.
And while some brands remain aloof from the resale industry, others have embraced it, Stella McCartney having also teamed up with The RealReal a couple of years ago.
Burberry won’t be directly selling its products via the site but it will be rewarding those consumers who do so, as well as helping to increase awareness of what can be done.
The company’s Pam Batty, who’s VP of corporate responsibility, said the brand doesn’t see resale as a threat and wants to “raise awareness of different options customers have when they want to refresh their wardrobe.”
Jefferies analyst Flavio Cereda also told Bloomberg that online luxury resale is growing at 50% a year and while there’s a cannibalisation risk for Burberry, “the smart brands are embracing this or at least trying to work out how to get involved.”
More from NEWS
Oetker Collection announces today that its longstanding CEO, Mr Frank Marrenbach, has decided to leave the company to take on …
Goldman Sachs confirms the noticeable impact of the coronavirus on luxury products which could end up weakening the industry throughout …
Watches & Wonders, the new concept for the annual watches fair in Geneva, has canceled its 2020 edition (March") due …