Tuesday, February 7, 2023

Young Swiss women go for used luxury

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Used bags and expensive watches are increasingly being sold online.

The second-hand luxury goods business is on the rise. The growth is now stronger than for new luxury products. Used luxury goods are particularly popular with younger generations. That is why various Swiss and international suppliers want to gain market share in the watch, jewellery, leather goods and fashion sectors.

“We’ve seen double-digit sales growth in the luxury segment in recent years,” said Tirath Kamdar, head of eBay’s luxury division, in an interview with news agency AWP. The US giant has invested in authentication systems for the products resold on the online trading platform in recent years.

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