297
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
Reuters API
Published
Nov 8, 2019
Reading time
3 minutes
Download
Download the article
Print
Text size

Re-sale market drives hype around H&M designer collaborations

By
Reuters API
Published
Nov 8, 2019

As fast-fashion giant H&M pushes more designer tie-ups, some consumers are eschewing the long lines outside stores to buy the looks in the fast-growing resale market.


The latest is its collection of looks crafted in collaboration with Italian designer Giambattista Valli - Reuters


H&M has released 15 designer and brand collaboration collections to date in 2019 compared to 11 in the whole of last year.

The latest is its collection of looks crafted in collaboration with Italian designer Giambattista Valli. Most pieces were sold out on H&M websites across Europe hours after launch on Thursday, including a ruffled red tulle evening gown priced at $549 and worn by model Kendall Jenner in H&M's high-profile ad campaign.

But another marker for products' desirability is the resale market online. H&M restricted the sale of the Giambattista Valli collection to one of each item to stop shoppers buying clothes to immediately resell.

"We are fundamentally positive about a secondhand market," H&M Creative Designer Ann-Sofie Johansson, who works on designer alliances, told Reuters in an interview.

"It's just when someone makes a business out of it that we don't like it," she said, referring to the practice of buying at the retail price and then flipping to make a profit, rather than selling pre-worn items at a later date.

At online fashion marketplace Poshmark, items from H&M's Giambattista Valli micro collection, released earlier this year before Thursday's main launch, sell for around five times more than the eponymous designer label itself, Poshmark said.

A long pink silk dress from that collection sold for $475 in May, shortly after it went on sale in H&M stores at a retail price of $299, one Poshmark listing showed.

Meanwhile, a Giambattista Valli shift dress from the designer's own ready-to-wear line is listed for less than $200 on California-based resale marketplace Tradesy - considerably less than the retail price of the H&M collaboration pieces - said Randi Eichenbaum, vice president of Tradesy product management.

On average, pieces from H&M collaborations sell 22 percent faster than pieces from brands' main labels, said luxury resale platform The RealReal, although some alliances are more highly-sought-after than others.

Resale prices for H&M collaborations often start at or above H&M's original retail price, according to Sasha Skoda, head of womenswear at The RealReal.

SECOND-HAND

Designer collaborations have become increasingly common since H&M's first tie-up 15 years ago – including Japanese clothing chain Uniqlo with JW Anderson, Britain's Topshop with model Kate Moss and even Swedish homewares store IKEA with U.S. fashion designer Virgil Abloh.

What is new is that the resale market has sky-rocketed. The second-hand market for apparel is expected to double in the next five years to $51 billion, according to data gathered for online thrift store ThredUp.

While some retailers limit purchases in order to curtail reselling at a profit, resales are integral to how teens and twenty-somethings shop, especially for sneakers and streetwear.

"It's become part of the game," said Marc Beckman, chief executive officer of DMA United, an agency that has brokered designer collaborations ranging from Karl Lagerfeld for Puma to Tucker for U.S. chain store Target .

Adidas Chief Executive Officer Kasper Rorsted mentioned on Wednesday the fact that its recently-launched Blackburn Spezial shoe had sold for 50,000 euros ($55,225) on the resale market.

In a Stockholm H&M store at a pre-launch event on Wednesday, 20-year-old hotel worker Amel Zamouri said she had been aware of Giambattista Valli for some time and was excited to buy his designs at an affordable price.

"I am hooked on two gowns - the red one I tried on and the white one that has some ruffles on the shoulders and chest," she said.

© Thomson Reuters 2024 All rights reserved.