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¡¾-Ь·þ×ÊѶ¡¿As fast-fashion giant H&M (HMb.ST) pushes more designer tie-ups, some consumers areeschewing the long lines outside stores to buy the looks in the fast-growing resale market.
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H&M has released 15 designer and brand collaboration collections to date in 2019 compared to 11 in the whole of last year.
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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.
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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.
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¡°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.
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¡°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.
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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.
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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.
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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.
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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.
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