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Resale market benefitting from luxury slowdown: report

Digital platforms and lower-cost alternatives are becoming more prevalent as the price of prestige goods rises amidst record inflation. Image credit: Consumer Edge Digital platforms and lower-cost alternatives are becoming more prevalent as the price of prestige goods rises amidst record inflation. Image credit: Consumer Edge

 

The value of the secondhand retail market is steadily rising, according to the latest findings from New York-based market intelligence firm Consumer Edge.