We are in the midst of a major shift in the resale and retail industry. Retailers and consumers alike are feeling the immediate impact of the pandemic, global events and economic changes. As more retailers get into the resale industry and as brands increase prices multiple times a year, resellers are seeing a more fluid and competitive market. We hope this quarterly report provides you with actionable insight on how to navigate and grow your business as we grow this resale cooler bags together.
If you’ve been following us on gobanney’s Wholesale blog, you already know how passionate we are about covering some of the most relevant topics related to the designer resale industry. Throughout the pandemic, luxury brands took advantage of the surging demand for high-end designer items and searched for ways to control their branding, ensure exclusivity, and try to manage pricing and availability of their goods on the resale market — therefore price increases and purchase buy makeup bags online have occurred.
What does that mean for your business? While this means the value of your pre-owned designer items may be increasing, there will undoubtedly be more price increases in the future. The key is to be strategic and stock up on the best-selling styles now before the brands raise prices again on the same or similar styles. Our team has been measuring the pricing changes by the brands and the immediate impact on the resale industry by style and condition as well as what’s trending and consumer demand.
Here is what we’ve learned:
Resale Pricing Follows Retail Pricing
While we know you may be hesitant to raise prices because you’re afraid you’ll drive customers away, in order to make quotas and remain competitive, we strongly suggest you do. With inflation top of cheap mens backpack sale , an increase in transportation costs, and a decrease in manufacturing, you need to be properly compensated for your products, time and effort, and it’s imperative you keep up with the industry pricing trends. Your competitors are also raising prices as well. That means once brands like Chanel, Louis Vuitton, Dior and more raise their prices, you need to raise yours too.
Pieces like the Louis Vuitton Neverfull MM, the Speedy 30-35, Gucci GG Supreme Messenger bag, a Prada nylon backpack, or the Chanel Grand Shopping Tote. For Louis Vuitton and Gucci, choose monograms at first and then branch out as you grow your customer base. Small leather goods, like a Gucci or Prada wallet, are luxury gateway bookbags for sale. But don’t focus exclusively on small leather goods — just think of them as an investment to hook an aspirational customer. Variety is key so also sprinkle in some Chanel card cases, designer necklaces, and coin purses too. If you’ve yet to establish yourself as a luxury reseller, people will question the authenticity of your items, so don’t forget the Certificates of Authenticity to build trust and confidence.
So, why is there such a demand for these fashion sling bag? Scarcity and the exclusivity factor. As time moves on, the timeless classics become less accessible which means they’re in higher demand.
Trends for 2022
Crescent-shaped and slouchy
Oversized and spacious
Bold and brilliant
Feather and fringe
Crochet, wicket and raffia
And even though it’s no surprise vintage and pre-owned luxury pieces are in high demand these days, what may please you is how much the hottest trends from yesterday and yesteryear have women bags sale a comeback on the resale market. From the slouchy silhouettes of hobo bags to the oversized bags Mary-Kate and Ashley Olsen were sporting in the early aughts, to bucket bags, designers like Miu Miu, Prada and Fendi took their inspiration from the past and it’s a blast. From fringe to bright colors, and crochet to heavy crossbody small messenger bag embellishments, these are the top handbag trends we think you need to keep your eyes on for.