×
6 163
Fashion Jobs
NEXT
Stock Coordinator - Hereford Old Market
Permanent · HEREFORD
NEXT
Delivery Coordinator - Hartlepool
Permanent · HARTLEPOOL
NEXT
Stock Coordinator - Poole Wessex Gate
Permanent · POOLE
NEXT
Stock Coordinator - Galashiels
Permanent · GALASHIELS
ADIDAS
Digital And Partner Publishing Manager
Permanent · LONDON
BURBERRY
Legal Counsel - Technology
Permanent · LONDON
BURBERRY
Digital Customer Marketing Coordinator
Permanent · LONDON
VERO MODA
Key Account Manager
Permanent · London
COTY
Senior Business Partner UK And Australia/New Zealand
Permanent · London
COTY
Quality Engineer
Permanent · Ashford
COTY
Business Manager - Fragrance
Permanent · Edinburgh
COTY
Business Manager - Gucci
Permanent · Liverpool
ESTÉE LAUDER
Aveda, Origins, Bumble & Bumble | National Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis - 20hours
Permanent · High Wycombe
ESTÉE LAUDER
Clinique - Consultant - Boots - 10 Hours
Permanent · Northampton
ESTÉE LAUDER
Clinique - Consultant - Boots - 10 Hours
Permanent · Cheltenham
ESTÉE LAUDER
Clinique - Consultant - Boots - 17 Hours
Permanent · Liverpool
TK MAXX
10933-Loss Prevention Officer Bedford Town
Permanent · Bedford
TK MAXX
Loss Prevention Officer-Full Time-tk Maxx Farnborough
Permanent · Farnborough
WAITROSE
Customer Delivery Driver – pm Shifts
Permanent · LONDON
ON RUNNING
Key Account Manager, jd
Permanent · LONDON
GILLY HICKS STORES
Gilly Hicks - Brand Representative, Victoria Square
Permanent · Belfast
Ads
Published
Jan 20, 2023
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gen Z and Millennials drive demand for vintage: The RealReal

Published
Jan 20, 2023

Gen Z and Millennials are driving demand for vintage, according to The RealReal’s 2023 Luxury Consignment Report.

Gen Z and millennials drive demand for vintage: The RealReal report - The RealReal


The online luxury resale platform saw sales of vintage archival pieces surge 50% since January 2022, with demand continuing to rise for Y2K pieces. Still, it is Gen Z who are deemed to be most circular, according to the report. Gen Z reconsigned 52% more in 2022, especially in the women’s category.

The RealReal’s 2023 Luxury Consignment Report, which showcases year-over-year data from its 30 million members and 28 million items sold, also reveals that consumers are trading down from ultra luxe for trendier styles. In fact, prices for high-end luxury bags, dropped by 5% by the end of 2022, while sales for styles from Prada, Miu Miu, and Dior began to increase.

Prada and Simone Rocha were named the top favorites in the back half of 2022. Demand for Prada’s Crystal Re-Edition of its 2000 mini bag was up 1,344% year-over-year. Likewise, demand for women’s ready to wear by Simone Rocha was up 635% year-over-year.

“A potential recession, the climate crisis, and global unrest are all reasons that, going into 2023, consumers are making shopping decisions based on value – with 66% saying they shop resale primarily to get a good deal – as well as personal values,” said Rati Sahi Levesque, co-CEO and president, The RealReal.

“We’re seeing our members do this in many different ways, from trading down ultra-luxe bags for more accessible options and buying fair condition items to express themselves through fashion and sustainable shopping practices. The value of resale is different for every person – and that’s the beauty of it."

Copyright © 2023 FashionNetwork.com All rights reserved.