Chanel has announced another price increase. But this is sure to backfire as Chinese youth have found alternative sources of luxury in the resale market. Image credit: Shutterstock
The resale market is booming. Why is luxury not taking note?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments
Chanel has announced another price increase. But this is sure to backfire as Chinese youth have found alternative sources of luxury in the resale market. Image credit: Shutterstock
{"ct":"luaeqvfp1a7BgcfeiQPrPdq6gBVLe3210cYX2j2KEESookJz1l\/1uuZ7OY8Bw\/DjFFDV0sN\/93s\/Un5BcKTSrdmbSpqibv1qy9p9rFpincYViufCNAWwxeqA9BWNhy+ujpjxQBaiupcdLmhRo40E+wLW0xKgMjDQaV2bkvKVu\/RJVOhr8c7QJ7UP6a6ErKv6xwSmS8PsFONt56XtkYD7bgbBpb75Q6Wj+K3R9AaRYvRr3L6wF8i3MrcPQtgYVL4sWbT7Us\/i87wAAUn4M2ebVNgCP2FtNPHVS5hah1huw8ACRFky+W8Iq5TtF+epto8KM6cb9YWcf+jU9x5VyFJx5BWhqpy5S0KJyH\/Tx1BIrWxuXhTJoeWsOAdDdCaiyNJhHdZ2av2kZ2xbaNCys4SAfjncO1T74ClnhtEXWzWQQdoPx1kJhKg4LKQp+Mkw0P8oKTk80Eq\/JCrRE3HAwdcP53zMSOLSfLalFTiFRGc3YO6CibsG\/daekeGBsTkDweqLurKzzqF9ZCTlxgKafYLnxFpwMJFCkYUKBl0HXJISSjP49eN66t\/6eSRknAoUt4R8\/z0Qs85c\/R53JRs0OgujsEXRg2mdcHNFW9UTpivXByry9VE8ciLsEDjcgfyBHXXkSKj+jEXjQmUBl\/sWs\/1MisE8u5qnHjeZkuXIIfEVgU2bg1mgZR9quf3xtTTDjDt8+fxGiiA1NA0yUKXmV2iP7iyL7RpBx2iwZFmHz7v6GJK2dhRL5pzzdamdVXDkh96Deg4sjsNpcruOBjLklw6KNNKH4EUomH2M\/1NUTfLalq3JnKiZFj+gLHhnYxi9U\/5G8jLim64UzXoR3AJ\/6O1Mx3w0Y6NCB6nLYVWHQraehEuf6JGlVDz\/9vb3dir+YwKBE5jx4M29Zgxi5unDuklhlmglTaoiw85MF4zLr5mlO4iTURM3yzxXdIF+fBeDfOR5I3rLji2iFFzJsc23l7oroJ37EwzDkJVogcoj+Qy+eeCII1o6N\/SGR5IXFJf\/4ZUDI5is6bqGiqRctoEib698r2w1lU1tFhvKYm7oEz3x8yZ8ri1jgjUJsOAkPSVws1huNTxRu7aXq\/2MnR05InRhC+Psotm7g4Vi9G0pRQlSAExNao\/g1XFGkbMDXHfJ66G\/ylWlYtda7b9dDyLmzjiO+bV0dyAmW4wYqbQUWy5R3ir04p+BVWMaNvoa2PoV1xRUirm\/e2e9JN53FjMEvt3BYxbZ7bdiYqPtVu5U0mqJR4Ca6gjTF3sMckRMkqObD+AUOWnlZayyDHvuZROWXV4hJ1etKrk66dFDpkULVZedC8nj1\/NCD3AEQL2nl\/vGb0RGO3sOJRGJbhUSqodi1GZe1o4ym1FQxly8RPhs6zCelqwSfg6rwQLXYVbJNQjdq71oSH62P4E6IkIG6\/U7oLK9zAUqY\/h2V3yM9++YnQW2YTzITmqs6EELK0bVsnZz\/9JqPb4lQ8Dv0JHg222Meg\/+5nJfSIG2ghPuCJCivb\/OzKz6lHYrjifuwJc6X\/vNLZfM8SHBbF7F7WbKtxHPDGS2IvqVDhhow3CGQW6dBppSk\/9YSWUmdGMI\/WkP3EmjGnR3kOCOFVumlIV\/Wh6Kk9hoxRQAezKDYxvo1VceuvaRJCCOXL3ljxzpJgWq3KnSzSlOvbAVYAp6keFblK8NRzXxoEXG3aBr9Ww6VgqFoKJW5UFc3hrGBP+sXoITFr2HswainHY9UFnlMR3z\/CZGfiVPR52Jx+Kb9hDkvX6dqJooEOgAKQY081ZahvzebbeEcuIw4V0PhgviX9LjvZAhl7TXy0L1Qb2KtOrKIwLbwZWZn7jmt9VbXxHTDAp0eMTB0Os4Q3Rjxm0TmADgOIC6mMuQ5t0kNHfVxmuahzGC224TBTsUtfvtAWW9nhOc3D2H7Tau5+DLz3eB67Lbm8sDKqMRHLKYCOxwRSl+wMc1Euzb3V1HQoM14u\/DwaHul+LQBoPgN1ZZFfQjmqSzRkLC33G8gomNdolgz3Ww1m5t1xsVaO6Ksn7g9p8YTwYbzjhunamJCJNmmGYzuuhU7aiOlI6tfWBzE3CBMc6bVeENlP8FNAezySOwPQQW0\/G5lY2pgCBlm0mTqDkWipNBMvW9yWlzg777Rqksx5USj96Bit6kKDweZ80pa8xB6LURuvihXEKJ5P80wGZt2t5fb6uu0YzsjAZRg0A7rKfY2sax42PWCjnnM4qUj59uQQztKT6gbBt0AP9w9vj9LKKQzKwKTSbzFhbhYBCO9qLqLZRBDem6rbNL4Qz1epHrdSVj6hv\/D2hYzWMoQ7ZGlfMF0vMN7FjGuTXTvXkCvDgAmz+3JZGwcdSetp8M6iFpA3hl9AO+JlC6X48U7goHF8\/E48goDyF8GeUXMHbTtbRhYPWKSZWZmDIjCmBJYC9ymUBUn962c3ZVtNS4Xm4wtUfGbFRnL+jEeIxG8Ge7J3Gi608jD9Vv\/qG9fUGbYgia3HJHUzoMZHNVvscqUJ2XWJZeK9AImjtgZSnegRrOP1V3a87ut6fGLIGht2SYUaL+nZx97bA+J5emmp8Wu2Bqi7p5BLsp5DVAeIjvmQsPJuGTiBtjNEm69sYfzlfacQhE1Suc7G\/Z1Jl7GcYHml8qzyE0l63PksyvvAr70W0OaJuaQ9n0DzYMoAaV2SEGaAzIDMeQMhgAqjmP4ZWWC7dZPWSrbIRzN3rWRoy9bEGLj5E48yFCb45JmduSbco6KYzrkujucaOofvRMhxVDQxKGjWu4w9fHH59kpMu0ZYnESqw9yEIPPn+iadjFLwnm5DMw257OJRBXSp3HdpKWK+IWrxvr18CSHz23BLxQEW\/PqFEeAGhT9rlf9rM3UrICD7ufhuvhR3QiQ7yy1gCSzOpnmrOQwnIkXfS14qh9b7Ffz+FftZinBCiB\/uDTb1+SudKHXs4t9PXMnBNkVpWancoMdzHoL\/XIGviWITwteghp1E9Kk2Gi6iCEpShga\/RAECW7TolfJFSzq6eH1C5htEuLdzlksA6jLCTywTaogp7iIfInJpOmEL5IgUsgxyzYJHZtrZ4TY0+gY4QPu+rt2HufsHaHUqljsnCARz+4djycCoSJhxp4qEuhTcbUNQGQWz\/j1raEzriCD1SyYeWxaXQPjAr17IOopgGSzH3B48OWkHVlfqU9bPzQ03fPv3x3yEpM+qHhfm3+p6l3oMsGuO+A+RCfsGEu1maYkB5iB9CCVeGZ+uRFte8XL8GcHccTatnSfBV68A2JDb6dOaE0E4ggOPd3X5IDgTUCBS96OdHTTxU3Nb4\/kBv\/iEAtL3x0sp\/7w9f3uIPEgqdXRnkLamGM4Igg5hz0RX\/\/jZQvtqlBYkqPSgf\/Q0QZdu\/XmmUoGTxvvits\/BlpcW9ot6o3QPXVnCE0Le6bhQTztKAXC+P3L+\/mgOla8btGGKdB7Kdr6CTDPI\/R08LR\/hAvhq2JFte5qxAd8Xyuqx5td1Kvk9DSP+bs9xnYbLMll4afygrzPcerqkW+zgjONamlI+TZw2IjVxVCIZEMoMw2j\/VlTingPjc8vBi4X7nbQj86Ck79eGqrPLX17dj87h0ZvgXjWL2dHhFclwvopcIHIgztkTLdmcS15CYVeyxwcfp8vzpyVai7wSFPy7mS+OG\/Q6OCNcVKFbSAyAiIDpLJ3SpXH8zSHnyfnvWsUrasrXjqfNnpuNEy\/ZpXVLUo3Wz\/MswnmtrC\/NqLuSSm63mV6bt97dsYa4ExyqbSPSvd3odAVq0qpCxNP54RuptHaE2Za1mSUEk5ah5WVtrnKMZET30yASEQebM8Rqm8vZ00JH40ahIywapJvzdkVS0XHoHDjKplslTdQ9R7MR9THpCW4lPw6ReUX4CgSWGoEZ\/wyzm+A14dAw\/HS2mYuMTCWb9maIkgWAAr2yMxN3huUAn8ptT6ALn3D2ZqASNgaiYyjWbTrlNYqAGvJPkewemOVXwFvjwqm2irRZPO91xtEH+VqhIRAShRtb2ti1kuwLn1+EpE1pPPhcDHJrnPGclfjEvdxMWi6ER8HM86fUvS4QY2NtPi2uABnigdOCsStm0ihvd5R157mWuP+Ab5qhV26YpjiH9axfYGMsO7cUk3o2S6GUX0VY9eNHC62fnVWh8G5eQw1789UYdXg1ifqhH3J\/Ct4I07NKSrdhA3Y7RcvO05SDop6qGx+cs5KGFeHRs\/RUts0JK8NdqsCKZBaohgpGiHyE+SbHUX2G8pOIgGVq4bWZ\/x5WVN3\/7QtGYGVhoifm270UAdn1b9F191kNEmgXlhPovW+dlpqirUQFL3Mn05UqwgVGfthpXKpmri+R53GKBYUwu0M0KEq2RUrTLpAT6JcYC4HobeWc7h1Rv7NTPGEIW9wBCENHxs\/UoIhKPxWXOsWHHmu9IkEM59GnMdRh7OMMrk29mTUDaIsLNoa5rMxC5xxcXaQqOZuOCz+os12gYSgbXeE9LZ60grLP\/\/zwiD4eIsUU\/XqPLWtWduvVmPXgb3SihoZ+VF4vDz5VtNjRMHb0ONeZXemn3+c6DmyHkl2NhZ4qnXiSwcJYLylBnxc1AURXky\/NqJS1flOyK3emlvhiu01MIm4RkA4EfZJtkDr3pBhJdhmh5Xz2VAPgjDuz3xJedC16PC65wX+jxueBeJnNaw1J1RRFzFTeEq0lRy+yOQeGqTtWMtqPwRMkSsEjb77baxyK5u+IzS7BMx24o3Qo810c4O\/RDCgMeW57HSrG+4l3K5erDMzhFnch7BV1RNvC6zr8YfaPrzIb9D23oPD7PpzoMrcsD0b4vXXMbiH0EOEVhNuWEHrNpi9RokfCVFuwYUbkR7lPd\/BBpz9dNcDPnOGiKSk1J7YkBHb+bnjIw5jo5SZOO99ax1p+wBVpSINYqWuXaLU4yRlz5p+7Qf7F1B0P\/1FYTF9EikDf7u2ihVJa7En\/e6zNn9ZWgfGBXJwel5+oGoxztJ44eizlwA0KCxesjNiOT8YkFNZ58d5hvsX+GyVD6v+WLSEeuVo8Hs91RiUKScmzFBtcW3bcIfX2NwwCCHrIJrSGGJWhhuuZB0q9E9aBH+5STVSPSCCa35aNim9HrdfQSGCh6Et\/YIYIE94V8g+qn9euqVvCUjQDHEkdwAzfa+Fda1otpm1pIDKaYbo\/eapOpDid4nFVcjJqe17Uc\/EsXSHL+HyxJU26VxxZwanr3XuqwFfL3Omp5UpOTm8nzEZoVKZwXJa1IbJEUlvXkNXqtgVXELvlqBx7GOuUku6fKi+VeG\/RRI0ZfX1O75tkTrRXdJZwAy+\/8TP0Qc9qt+fKrL7tlcmd031WTULTm3ORiCPP9GMzogYs5AhKW+uCSycC7QiYNxxpBMFn12bJX1VDWPWaUpt2lACNL089T1O0JNE4TKsTx0JooKUqbPE9l1K5c+U+B\/IT9Uq7Ko5qhr0xm6Gusv5E3U5toMKVrQWFcBbNtPVHpzDboMadp\/5HvSCjr740IOz9CWuyeHGK6VZSZrlBqyg\/vzziWAuJWYyGQrRNNslOwjiVeedxAdQP8yH8\/MzGtnauPI0QmpYcEJjZWpRS8fQ1CuJMxLA0F7sjPLkqwr9dSAkad9tjLcY+tPmO\/gm5XBnkA+KJp93f3NvzANwnH6xKfaf4MI1DiCVN8BJjdgmdpSpUnnyrbhfL8AEow1vzb+ZYkNfT4Rj65NI6CaKrPAt144rILrVblSatTH6gbfENUOpaANyqUVBVNKe8Yd\/Z\/hCBOQ8qOe7C6ubMrISGpM9VHCoyoS87C7dQXCsS15EOFZT5fjfk8okliN40WZyvJpE755jAhMbqQmloZ+Ing98gBN3b\/VSQqpaXxq\/DPCaOpujS5OHrTVMVj0os3XpEcVlAgyIfHgXW23p8YQn2Yl5P8djkymtLyBE6FFGAW9INJ+g5Xh+XVODtVUpdVL+8vNjajVPHZvzXWMN5ApKgmdb1pBG2hEWrUtveTGPumxd5jtbZ2SB1ssdi6k4z3pmnagNFFATLQTyIc\/8uYrlIt+EAN8y8RdGpd1zInFH85bdfE8evu13E4F2FAzYy1\/XfAb8OEjuT8RACfxVwhvKfJ\/+ea4In2AvkJKo7GHaiN3V+bv9nKh0IlLMsqVKjjrSeisD2ErDVSUmmB+b+M0xxEHmh4HvoPiRadXo1s0X2FfsI+Hw6RMvDzzsLZ1ycXxKpCCM831YmNpqTvZQbraaNpcEXEP8dlYqup9Zob+waH28DiFW5wZMIglv+4ZkqQ7qpQb0MeQBmLUglH3SfQaRtg8bTWqO4gynfwkZ9YD7di9M17iYWo6reXZL2gUiepNWlqP8GuMgbkAbsWBP1h0n\/U\/5IKNY6PsAa5BKmbtpdPhFj1iZj89TXcVby\/0BZjht7j+QvLoghzfU9ZXvFrWw+Oq2U+pkBZUBYWob0EC7xpsFUD\/aKvv7bcLfqcDCcJdOtAvev\/Hb0qmSdw5vIrukMRdGL0UlHNBx2pX1bQ0uil6noQK+xF4\/tas63HjOkvJJWw5jlt6w3aI1NNL76\/vsubOIAn+YCHKfqbRPwgpmlme2oc6QBg0nfKuFhFhftekkGZ8biJuoZZtvrdNzQ6WLZROQWujjG03F6erL8C5CPnkh4Oge0QNosdXqh20MZrIByrctW0X1aD77AYhpgFy0P+T6lnT","iv":"dfc62db34b1d67da1dcdf0f59af287a0","s":"4a384ddd7d6f400b"}