People’s desire to spend money drops off with the global economic downturn, and luxury goods industry is the first to be influenced, suffering from shrinking sales. Yet the consumption of used goods is less impacted, and shows slow inching. In China, although the choice of secondhand luxury goods is very limited, a lot of people are getting addicted to it.
Secondhand shops help spread the coverage of high-end brands into mass market so that more people can know and reach these luxury goods. For bagaholic persons, secondhand shops are the best way of recycling. By the means of sale on commission, many designer handbags and accessories on the shelf are given a second life and become other people’s darlings. High fashion designer handbags from Louis Vuitton, Gucci, Prada and Chanel are most popular. Certainly, people renting designer handbags may at the same time have keen interests in Rolex watches and Tiffany & Co.’s jewelry. I think luxury watches renting can be a next blooming market.
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