Vestiaire Collective reviews its commission structure, consolidating its position as the world’s most coveted fashion resale site
The resale industry is currently estimated at around 8% of the € 260 billion luxury market, with forecasters predicting that the industry will double in size by 2022. As more and more fashion consumers turn to turn to resale as a sustainable way to access the products they want, the next few years will be a turning point for the industry and consumers. With its strong fashion DNA, Vestiaire Collective is uniquely positioned to conquer this market, offering a unique and desirable inventory, an engaged global community and rigorous controls for quality and authenticity.
A favorite of fashion lovers the world over, Vestiaire Collective is the go-to resale site for selling and buying desirable second-hand clothes. As part of the new corporate vision, under the leadership of the new CEO Max Bittner, Vestiaire Collective reveals a major overhaul of its commission structure, ensuring that Vestiaire Collective remains the most competitive resale site on the market. The exciting new changes taking place today will reduce Vestiaire Collective’s commissions and prices by an average of 10% through the catalog, which means that the price of its highly desirable inventory will be made much more accessible overnight. Lower commissions will also have a positive impact on sellers who will be able to sell their items faster. The change will have a greater impact on customers looking to buy and sell coins at more accessible prices, as well as items that fall into the rare and sought-after category of high luxury, as these coins will benefit from a capped commission.
“This restructuring of commissions is one of the first major changes that I wanted to impact on the company since I joined Vestiaire Collective at the start of the year. This significant drop in commission will encourage more salespeople to visit the site. , knowing that they will be able to sell their item at a rapid pace while making a significant profit. For buyers, that means they can buy the desirable parts they have always wanted at even more affordable prices. I think that giving our users more direct value is the most powerful way to retain This is an important moment for Vestiaire Collective as we continue to ensure that we remain the world’s most sought-after resale site for must-have second-hand fashion . ” Max Bittner, CEO of Vestiaire Collective.
Vestiaire Collective will continue to offer the same exceptional level of service at all points of contact with customers, from carefully curated highly desirable inventory to rigorous physical quality control, meticulous authenticity checks and high level customer service. . The company organizes and connects the world’s most sought-after wardrobes, while providing a new, reliable and sustainable way to buy and sell fashion clothes.
Commission changes will be applied on April 10, 2019.
NOTES TO EDITOR:
Vestiairecollective.com is the world’s leading resale site for desirable second-hand clothing. Encouraging consumers to join the circular economy as a sustainable alternative to fast fashion, the platform is unique because of its carefully curated catalog of over 900,000 desirable items. Once sold, the parts are verified by experts for their quality and authenticity. Vestiairecollective.com has over 8 million fashion savvy members in 50 countries around the world.
SOURCE Vestiaire Collective