What is wgaca vintage
Luxury is about quality and exclusivity. Many items we offer are extremely rare, and the only way to acquire them is through the secondary market. This is one of the reasons we have such an amazing following. Tell us about the rise of the male market for vintage luxury — do you see this continuing to be a significant element of your business in coming years? We have seen a tremendous increase in our male client base, with men now collecting on the same level as our female clients have historically.
Evolving and servicing the male luxury vintage fashion market continues to be a key area of focus and differentiation for WGACA. Related auctions Follow. You may also like Related content. Ask a Specialist: What is the best and worst way to store my handbag? Not only have they built a reputation as a purveyor of high quality, hard-to-find vintage luxury goods and a trendsetting customer base, they're also ahead of the curve in terms of the circular economy conversation.
The luxury consumer now knows that they can buy an expensive item this season and potentially recoup a chunk of that investment through resale if they're eventually unhappy with it — and, hopefully, spend that money back at WGACA. That is embedded in our DNA and has been forever. The consumer now is looking for quality over quantity; they don't need as many things, they need good things, and that's always been the premise of our business from day one.
That doesn't mean it's smooth sailing ahead: As the resale trend has grown, so has resistance from the luxury brands who feel the secondhand market eats into their profits. WGACA was sued by Chanel just last year , with the French fashion house alleging counterfeiting and trademark infringement, false advertising, unfair competition and false endorsement.
They're not alone: Chanel has also sued The RealReal. But there's movement on that front, with luxury conglomerates investing in secondhand retailers and brands like Stella McCartney even partnering with resale vendors like The RealReal. It doesn't matter whether they embrace it, because the consumer has embraced it and will continue to embrace it. Then there's a question of supply. While being particular — Bober calls it "fussy" — about quality is what has helped WGACA build a strong business, it also makes scaling much more difficult.
But he remains confident that they'll find a way to capture the market, claiming that WGACA will "do over a hundred million dollars this year. We are buying these things and it's competitive; that sometimes gets a little bit lost on the customer. For now, WGACA remains privately owned, though all three expressed a belief that an investment could be coming down the pipeline, considering how profitable the business of resale is expected to become and how profitable WGACA already is.
That has allowed them to be nimble and reactive. Going forward, Maione says they have really "embraced the data," which has helped them make more informed decisions, not just about what to buy and in which stores to stock it, but also where to put potential new stores.
But their real secret is that behind 25 years of business is plus years of friendship, something that — fingers crossed — will continue for the next 25 years, regardless of what the market brings. Want the latest fashion industry news first? Sign up for our daily newsletter. The luxury brand is accusing the vintage retailer of misleading customers and selling fakes.
What Goes Around Comes Around has been the leading purveyor of authentic luxury and vintage pieces. We are looking to add a new member to our Sales Team at our Flagship store in SoHo with years professional retail sales experience.
So when we were invited to preview their fall collection, I was more th. Candidate MUST have vintage clothing sales experience and passion. This role will work directly with fashion designers, wholesale buyers, wardrobe and editorial clients.
This is a dynamic position which requires a strong work ethic and sales background. NYC Job Listings. LA Job Listings. Fashion Week. Editors' Picks.
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