3 biggest luxury fashion retail trends for 2023

07-01-23

We chatted with four experts, from former merchandisers to retail analysts, to understand how the luxury retail market is bound to change in 2023. Here are the top three trends they expect to see:

1. Resale will be bigger than ever

Luxury resale has long fallen under the domain of vintage boutiques, thrift stores and, more recently, online marketplaces like The RealReal and Vestiaire Collective.

This new year, experts expect to see more luxury brands taking control of their own second-hand markets. Rolex, for example, already launched a certified pre-owned programme for its watches in early December 2022.

Olivia Steele, the CEO of a virtual retail sales company called Conversation Couture, linked the interest in resale to a growing focus on sustainability among luxury brands.