How To

5 KPIs Every Resale Business Should be Measuring

Ever wonder how others in the resale industry track their growth? We’ve talked with our store partners and found a consistent message: focus on the numbers. WE’VE GOT YOUR NUMBER Measuring your business’ performance using retail’s Key Performance Indicators (KPIs)...

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​Are You a Member of Clubhouse? Get the Inside Scoop.

There’s a new VIP club out there, but you need an exclusive invite by an existing member to get on the guest list! No, it’s not Soho House 2.0…have you heard about Clubhouse? It’s an invitation-only, audio chat app and podcast mecca that lets like-minded people gather in chat...

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CHANEL’S 2ND PRICE INCREASE OF 2021

According to various sources, Chanel will be raising prices again on July 1st and aspirational shoppers everywhere are in shock. Allegedly, the prices are increasing up to 12.5% (maybe more) and this includes some of the best-selling bags—the Chanel Classic Flap, the Chanel 19,...

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​Flashback to Y2K Bags: Pochettes & Baguettes on Your Customers' Most-Wanted List

When the pandemic struck, online shoppers stocked up on marked-down merchandise as prices of clothing, shoes and small accessories dropped due to stagnant inventory. Meanwhile, the top-tier luxury labels like Louis Vuitton, Gucci, Dior, and Chanel raised their retail prices from...

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​HERMÈS BLIND STAMP GUIDE

HERMÈS BIRKIN STAMP GUIDE So, you’d like to add some Birkins to your store in 2021? We support this decision. Despite the pandemic, the Hermès Birkin is still the world’s most coveted, exclusive, and elusive bag—so go ahead and stock up! But before you purchase a dozen...

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How Easy is the Wholesale Process?

Blog: How Easy is the Wholesale Process? 2020 has been quite the wild ride, but remember we’re here to support your business. Whether you’re just now allowing people into your consignment boutique, or you’ve moved totally online, you still need great inventory. LePrix...

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How to Adapt Your Business from Consignment to Buyout

As we enter the Fall season, many people are looking to ditch their summer wardrobes and step into the chilly, crisp weather with a new bag and accessories for Fall. So, what does that mean for your business? Time to stock up! We know business as usual is no longer usual. We’ve...

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How to Add Pre-Owned Luxury to Your Assortment

HOW TO LAUNCH VINTAGE LUXURY So, you’ve decided to add designer consignment to your contemporary mix. Congrats! It’s no secret that social media influencers, TikTok trendsetters, and celebrities ensure luxury handbags and accessories by Louis Vuitton, Gucci, and Dior are in...

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How to Grow Your Sales Right Now

As we navigate these times, we wanted to share how our customers’ shopping behavior and preferences have changed as well over the last two months. Pricing is Everything As expected, people are becoming even more price conscious at this time and are...

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​HOW TO PRICE YOUR DESIGNER RESALE ITEMS

Whether you received a shipment of limited-edition bags by Louis Vuitton, or your customer dropped off a few vintage Hermès silk scarves, you need to know how to price them. And while the pricing for some items might be common knowledge—the Chanel 19 medium is nearly impossible...

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