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March 20, 2026
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Apparel and accessories

Well-loved luxury proves recession-proof as ‘fair condition’ demand doubles: report

January 20, 2023

Macroeconomic uncertainty is shifting the way luxury seekers are navigating the circular economy, according to The RealReal. Image credit: The RealReal Macroeconomic uncertainty is shifting the way luxury seekers are navigating the circular economy, according to The RealReal. Image credit: The RealReal

 

By Amirah Keaton

Luxury resale platform The RealReal is forecasting a quieter future for ultraluxury in 2023, as prices for Hermès, Chanel, Gucci and Louis Vuitton – brands that have garnered more than 70 percent above MSRP since 2020 – are down 5 percent on the platform.

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  1. Marriott’s Luxury Group launches artist residency program
  2. Puig appoints new CEO
  3. Sephora teams with F1 Academy
  4. Natalie Portman leads cinematic Tiffany & Co. HardWear campaign
  5. Park Hyatt crosses into London’s residential market
  6. Kering consolidates jewelry houses into new division
  7. Lamborghini launches exclusive activation in Fortnite
  8. Lions, tigers, bears and 'Wirkins,' oh my!: The legality of Walmart's Hermès Birkin dupe
  9. Saks Global draws additional funds from $1.75B bankruptcy financing package
  10. Loewe presents creative directors’ debut collection at Bergdorf Goodman
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