Research
February 19, 2024
Fueled by younger shoppers and increasing demands for on-trend designer items, a new study introduces the “Fast Luxury” model. Image credit: Coresight
By Emily Iris Degn
As trend cycles become shorter, a new reality is hitting the global resale market.
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","iv":"93abe576ab9e689dae938f04d3e1958f","s":"d41726b04beec981"}
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