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12 August 2024

Daily Newsletter

12 August 2024

Bloomingdale’s and Rebag team up for in-store luxury resale initiative 

The collaboration is intended to promote sustainability and circularity while providing access to luxury brands.

Jangoulun Singsit August 09 2024

Luxury resale platform Rebag has partnered with department store chain Bloomingdale's to expand access to the luxury resale market. 

This collaboration aims to democratise the luxury goods market by offering a curated selection of more than 2,500 pre-owned designer items such as handbags and fine jewellery online. 

More than 500 items will also be available in five select Bloomingdale's stores across the country, including The Mall at Short Hills, White Plains in New York and Town Center at Boca Raton. 

Bloomingdale's customers will have the opportunity to receive offers for items they wish to sell, using Rebag's proprietary AI tool, CLAIR, which leverages millions of data points for fast quotes and payouts. 

This strategic retail and digital collaboration is set to promote sustainability and circularity in the luxury market.  

It will allow Bloomingdale's customers to seamlessly transition between new and pre-owned luxury items, enhancing their shopping experience with exceptional offerings.  

The items available through this partnership will focus on select ultra-high-end pieces, ensuring quality and exclusivity. 

Rebag CEO and founder Charles Gorra said: "We are thrilled to join forces with Bloomingdale's. This partnership epitomises our vision of the complementary relationship between first-hand and second-hand luxury. 

“This partnership epitomizes our vision of the complementary relationship between first-hand and second-hand luxury. By bringing Rebag's expertise in sourcing and vetting luxury goods to Bloomingdale's discerning clientele, we are setting a new standard in the luxury retail experience." 

The Rebag x Bloomingdale's collection was launched online on 8 August 2024, with dedicated concessions in select stores to follow. 

The collaboration between Rebag and Bloomingdale's is poised to redefine the luxury shopping experience, providing customers with unparalleled access to a diverse range of luxury items, backed by Rebag's vetting process. 

Wealth Management Trends and Themes in 2024

GlobalData's latest report informs wealth managers and their strategy teams of the key developments emerging across the industry and how best to respond to these changes. The report examines in detail key areas such as the crypto hype, HNW asset allocation strategies, profitability, and ESG, with analysis supported by findings from GlobalData’s propriety surveys of wealth managers and investors.

Wealth Management Trends and Themes in 2024

GlobalData's latest report informs wealth managers and their strategy teams of the key developments emerging across the industry and how best to respond to these changes. The report examines in detail key areas such as the crypto hype, HNW asset allocation strategies, profitability, and ESG, with analysis supported by findings from GlobalData’s propriety surveys of wealth managers and investors.

Wealth Management Trends and Themes in 2024

GlobalData's latest report informs wealth managers and their strategy teams of the key developments emerging across the industry and how best to respond to these changes. The report examines in detail key areas such as the crypto hype, HNW asset allocation strategies, profitability, and ESG, with analysis supported by findings from GlobalData’s propriety surveys of wealth managers and investors.

Wealth Management Trends and Themes in 2024

GlobalData's latest report informs wealth managers and their strategy teams of the key developments emerging across the industry and how best to respond to these changes. The report examines in detail key areas such as the crypto hype, HNW asset allocation strategies, profitability, and ESG, with analysis supported by findings from GlobalData’s propriety surveys of wealth managers and investors.

Wealth Management Trends and Themes in 2024

GlobalData's latest report informs wealth managers and their strategy teams of the key developments emerging across the industry and how best to respond to these changes. The report examines in detail key areas such as the crypto hype, HNW asset allocation strategies, profitability, and ESG, with analysis supported by findings from GlobalData’s propriety surveys of wealth managers and investors.

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