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  2. The Gen Z and millennial rebellion against full-price luxury ...

    www.aol.com/finance/gen-z-millennial-rebellion...

    The dynamics of luxury resale can go against the grain. Take the iconic Hermès Faubourg Birkin Bag, sold by Vestiaire for an eye-watering €158,000 ($171,000) in May 2022 (it retails at $30,000 ).

  3. Inside luxury goods' broken audit system - AOL

    www.aol.com/news/inside-luxury-goods-broken...

    Five Tuscany-based luxury chain workers employed at separate workshops serving major brands confirmed to Reuters workshop owners knew in advance of the audits and would clear their premises and ...

  4. Counterfeit consumer good - Wikipedia

    en.wikipedia.org/wiki/Counterfeit_consumer_good

    Sellers of counterfeit goods may infringe on either the trademark, patent or copyright of the brand owner by passing off their goods as made by the brand owner. [9]: 3 Counterfeit products made up an estimated 2.5% of world trade in 2019. [3] Up to 5.8% of goods imported into the European Union in 2019 were counterfeit, according to the OECD.

  5. Vestiaire Collective - Wikipedia

    en.wikipedia.org/wiki/Vestiaire_Collective

    Vestiaire Collective's 2024 Circularity Report, "Exposing the True Cost of Fast Fashion," outlines the environmental and financial downsides of fast fashion, noting that these items are often worn less and discarded quickly. The report suggests that pre-owned luxury fashion is 33% more cost-effective over time and has a lower environmental impact.

  6. Veblen good - Wikipedia

    en.wikipedia.org/wiki/Veblen_good

    Veblen goods such as luxury cars are considered desirable consumer products for conspicuous consumption because of, rather than despite, their high prices.. A Veblen good is a type of luxury good, named after American economist Thorstein Veblen, for which the demand increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve.

  7. From ‘Drops’ to Hip-Hop Stars: How Luxury Brands Are ...

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  8. Luxury goods - Wikipedia

    en.wikipedia.org/wiki/Luxury_goods

    The sale of luxury goods requires a high level of client service, human touch, and brand consistency. Since the early 2010s, many luxury brands have invested in their own boutiques rather than wholesalers like department stores.

  9. Right to repair - Wikipedia

    en.wikipedia.org/wiki/Right_to_repair

    Aims to make it easier and more cost-effective for consumers to repair their goods. The rules are not yet finalized as they must be adopted by member states and approved by the Council. [43] They seek to incentivize repair instead of replacement for consumer devices. [44] 2024 Oregon bans parts pairing starting in 2025 [16]

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