Three leading ladies of fashion — Linda Fargo, Michelle Stein and Ranjana Khan — have been scouring their closets in preparation for their “Style Sisters” resale event involving much of their own ready-to-wear. “It’s a cleanse,” said Fargo, Bergdorf Goodman‘s senior vice president, fashion and store presentation director. “Everything I’m selling still fits. I still … Read more
ThredUp’s annual resale report is as close to a State of the Union as thrifters are likely to get. The wide-lens view on the secondhand industry is regularly cited by not just ThredUp but also its competitors, who point to the growth curve it projects as a sign of their own potential. And the message … Read more
Treet is trying to bring resale to everyone — and now has $10 million in series A funding to make it happen. While many of the resale pioneers like The RealReal Inc. struggled through a phase that saw them getting mired down in the costly business of owning inventory, Treet started off with an asset-light … Read more
The RealReal Inc.’s focus on consignment — and the bottom line — started to pay off for the resale pioneer in the fourth quarter. The company hit a long-promised milestone with adjusted earnings before interest, taxes, depreciation and amortization of $1.4 million million in the quarter. That was a first for the company and a … Read more
After weeks of testimony, the court battle between Chanel and What Goes Around Comes Around is nearing the end, with the jury expected to start deliberating Monday. Chanel first filed a lawsuit against the New York-based resale company in March 2018, alleging that there appeared to be an affiliation between the two fashion resources that did not exist … Read more
As the trademark infringement trial between Chanel and What Goes Around Comes Around continued in New York federal court on Friday, a key Chanel witness’ testimony highlighted how the luxury house authenticates its goods and tries to safeguard against counterfeiters. In its initial lawsuit in 2018, Chanel alleged the resale specialist was trying to deceive consumers that there was … Read more
The first week of testimony in the Chanel and What Goes Around Comes Around trial in federal court not only brought to light the issues at hand — allegations of trademark infringement, false advertising and misleading — but also some of the specifics of a middle-of-the-night robbery in a factory in Italy that resulted in … Read more
LONDON — BrandAlley, a British off-price online retailer, has acquired a majority stake in the rare sneaker resale platform The Edit LDN. Following the acquisition, The Edit LDN will be restructured through a formal process and operate within BrandAlley’s back-end infrastructure. Financial terms of the deal were not discussed. The Edit LDN, which counts New … Read more
After more than five years of legal wranglings over trademark and infringement issues, Chanel’s and What Goes Around Comes Around’s trial is underway in New York federal court. In its initial lawsuit in 2018, Chanel alleged the resale specialist was trying to deceive consumers that there was an affiliation between the two companies and that … Read more
