Net-a-Porter Is Launching a Resale Pilot Program With Reflaunt (2024)

It’s strange to recall how a few years ago, resale was kind of a sticky subject in fashion. Now, brands and retailers aren’t just encouraging secondhand sales, they’re introducing their own in-house programs with unique twists. Last week, Gucci unveiled Gucci Vault, a digital concept store with customized vintage pieces and new garments by emerging designers, and tonight, Net-a-Porter announced a first-of-its-kind resale platform powered by Reflaunt. Starting this fall, the e-tailer will become a destination for buying and selling designer clothes, jewelry, handbags, shoes, and accessories all in one place.

It’s a marked shift from the way most of us have engaged with resale in the past: We buy new pieces in one place, then sell them in another. In contrast, Net-a-Porter’s consignment pilot will instantly position every item on its website as one you might eventually sell back. The hope is that it will inspire more confidence in customers to invest in luxury goods, touting precisely where they can resell them at a later date. (For handbag lovers, there’s a special incentive: You’ll be paid instantly for an accepted luxury bag, rather than waiting for another customer to buy it through Reflaunt.) The platform also aligns with Yoox Net-a-Porter’s sustainability strategy for 2030, which emphasizes the need for long-lasting garments and circularity. After debuting on Net-a-Porter in the United Kingdom this fall, the “re-commerce” experience will expand to the United States, Germany, and Hong Kong, as well as on the company’s other sites, Mr Porter and The Outnet.

“More than ever, our customers are looking for fashion that is not only designed to last, but can go on to be re-loved,” Alison Loehnis, company’s president of luxury and fashion, says in a release. “We are thrilled to partner with Reflaunt and offer our customers an effortless service that allows them to resell their designer pieces with ease. We see re-commerce as a true enabler to tap into greater product longevity by extending the lives of pre-loved purchases. This collaboration represents an exciting step in our long-term mission to drive the change at Yoox Net-a-Porter to a more circular fashion ecosystem.”

It’s worth mentioning that buying a one-year-old designer handbag—an item that’s unlikely to be thrown in the trash—isn’t really going to save the planet. Research has shown that we actually consume more when we believe something is “recycled” or “circular.” Last year, Maxine Bédat of the New Standard Institute provided some insight: “It’s terrific that more people are waking up to this concept [of secondhand] and that brands are getting in on it and finding a way to adjust their business models. Having said that, we can’t just ignore the research that has found that recycling symbols lead to more consumption… In order for us to actually curb our impact, it has to be [implemented as] a shift in the business model, and not just an additional revenue stream.”

The real change will come when secondhand surpasses fast fashion in terms of demand and aspiration, and when our access to gently-used clothing grows to a point where brands can actually start producing less. That will take time, but Net-a-Porter’s investment is a big step in that direction.

Net-a-Porter Is Launching a Resale Pilot Program With Reflaunt (2024)

FAQs

How does Reflaunt work? ›

Reflaunt equips brands and retailers with resale e-commerce and tailor-made branded marketplace technology and operations solutions, as well as access to its largest global network of more than 30 resale marketplace partners and more than 100 million second-hand customers.

Is Net-A-Porter secondhand? ›

NET-A-PORTER's luxury resale service makes rehoming your pre-loved items seamless. We all know how important it is to reduce our environmental footprint, and the second-hand luxury retail market offers the perfect space to give your pre-loved pieces a second life.

How to sell on Reflaunt? ›

Reflaunt is a pioneer in the circular fashion economy that allows customers to resell with ease, convenience and flexibility. Reselling your items is hassle-free, simply list a minimum of three items and we'll arrange a complimentary collection from your home or drop-off at one of our convenient locations.

What is the Net-A-Porter strategy? ›

The strategy adopted by Net-A-Porter, and which is replicated across the group's portfolio, is offering advice and recommendation as triggers for purchase. In addition to listing 700 designer labels, the group's websites and offline channels are trustworthy sources for any form of fashion and lifestyle advice.

Can you resell designer clothes? ›

Reselling on platforms such as Poshmark, RealReal, ThredUP, eBay and more is the way to go. To get started, you can scour thrift stores, garage sales and even consider buying designer items wholesale and then listing items on an individual basis.

Where is Reflaunt based? ›

Based in Singapore, Reflaunt offers an online resell e-commerce platform, facilitating the resale of pre-loved apparel directly through retailers' websites.

Is Net-a-Porter real or fake? ›

NET‑A‑PORTER is part of the YOOX NET‑A‑PORTER GROUP, following the merger of YOOX Group and THE NET‑A‑PORTER GROUP in October 2015. THE NET‑A‑PORTER GROUP LIMITED is a registered company in England & Wales (UK company number 382 0604).

Does Net-a-Porter do rentals? ›

Curated by NET‑A‑PORTER, our offering gives you the chance to rent your coveted runway looks or borrow your favorite brands. You will find everything from sequined dresses to designer It-bags in our hand-picked edits, powered by both By Rotation and Hurr.

Is Outnet owned by Net-a-Porter? ›

Launched in 2009, THE OUTNET is owned by Italian online fashion retailer YOOX Net-a-Porter Group and focuses on curated selections of past-season designer apparel.

How much do thrift resellers make? ›

It's not uncommon to find thrift store flippers making close to $100k every year from thrift store flipping. It, however, still depends on how much you put in. If you're willing to put in enough time to learn about flipping and carefully research the items to sell, you can make a comfortable living.

How much should a reseller get? ›

Typically, most resellers aim for a 50% margin, which means that they want to make a 50% profit on each item they sell. For example, suppose you find a product that you can buy for $10. If you want to make a 50% profit on that product, you would add your costs and then multiply the total by 1.5.

How many brands does Net a Porter sell? ›

With more than 800 of the world's most coveted designer brands, including Gucci, Chloe, Balenciaga, Saint Laurent, Isabel Marant, Prada, and Stella McCartney, 200 specialist beauty brands, and new arrivals on site three times a week, NET‑A‑PORTER is the world's premier luxury fashion destination.

Why is Net-a-Porter so successful? ›

Net-A-Porter emerged as a pioneer in the e-commerce landscape, specializing in luxury fashion and designer goods. Natalie Massenet's vision was to create an online destination that combined the allure of high-end fashion with the convenience of online shopping.

What are the weaknesses of Net-a-Porter? ›

As a prominent player in the online luxury fashion market, Net-a-Porter faces several threats that can impact its position and success. Two key threats are increased competition from luxury brands and the risk of cybersecurity breaches.

What makes Net-a-Porter unique? ›

Renowned for market-leading exclusive capsule collaborations, NET-A-PORTER also creates unique experiences for its EIPs (Extremely Important People) with first access to products, a dedicated Personal Shopper and invitation-only benefits.

How does reselling work? ›

Reselling is an ecommerce business model where you obtain products from various sources and sell them directly to customers. Here's an overview of how the process can look: Research product demand: Analyze trends to identify products with high demand that you can resell for a profit.

How does resale as a service work? ›

Resale is significantly different to selling newly-made standardized products, so brands prefer to outsource what they can to businesses that have expertise to manage and organize the secondhand sales. These secondhand support businesses are known as Resale-as-a-Service or RaaS companies.

How does the real real make money? ›

Commissions and fees

The site imposes a staggered commission schedule, paying sellers between 20% and 85% of the sales price. In other words, to sell here, you'll pay The Real Real between 80% and 15% of your item's value simply to sell it on your behalf.

How do resellers get money? ›

Reselling essentially means “selling something again.” The resale business model involves purchasing goods and then selling them at a markup to customers through an online platform like eBay, online storefront like Shopify, or a brick-and-mortar secondhand store.

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