Net-A-Porter, Mr Porter and Outnet boost international resale
Yoox Net-A-Porter’s high-end in-season and out-of-season stores have added to their resale capabilities with an extension to more international markets.
Net-A-Porter, Mr Porter and The Outnet are expanding their resale as well as incorporating new services for customers. The incremental rollout of the online stores' resale services, in continued collaboration with start-up Reflaunt, “is designed to reduce waste by keeping luxury fashion in circulation for longer”.
The service is already available in the UK, US, Hong Kong and Germany, and now Italy and France are being added. It means customers can resell pre-loved designer items from key product categories (ready-to-wear, handbags, shoes, accessories and jewellery) across both womenswear and menswear.
Further market expansion to Australia, South Korea and the Middle East is planned to follow in early 2023.
YNAP also said that Mr Porter and The Outnet have launched an “instant buy-back service for men’s sneakers from pre-approved designers for all its resale markets, the first of-its-kind in Europe to reward customers with instant store credit for this product category, without the need to wait until items are sold on to their next owner”.
The move highlights the buoyancy of the sneaker resale market and the high demand for must-have items.
The new feature joins Net-A-Porter’s and The Outnet’s existing buy-back option for women’s designer handbags.
The company has been working with Reflaunt since last autumn and it said it has seen “positive customer response, reflected in the value and quality of resold items with over 60% of pieces in either new or excellent condition”.
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