Net-a-Porter has announced the launch of its own resale platform, which will go live at the end of October.
Customers will be able to sell their designer items using the resale website, receiving 10 per cent credit or direct bank transfer whenever their item is bought.
Resale platform Reflaunt collect the products, make sure that they’re authentic before recommending a resale price.
Reflaunt will also manage the photography of the item before being uploaded onto international marketplaces.
The two brands are also collaborating on a buyback option for designer handbags where customers will be able to receive credit to spend on the platform immediately, instead of having to wait until the item has been purchased.
The service will launch first in in the UK exclusively before being extended to the US, Germany and Hong Kong.
“More than ever, our customers are looking for fashion that is not only designed to last, but can go on to be re-loved,” Yoox Net-a-Porter’s president of luxury and fashion Alison Loehnis said in a release.
“We are thrilled to partner with Reflaunt and offer our customers an effortless service that allows them to resell their designer pieces with ease.
“We see re-commerce as a true enabler to tap into greater product longevity by extending the lives of pre-loved purchases.
“This collaboration represents an exciting step in our long-term mission to drive the change at Yoox Net-a-Porter to a more circular fashion ecosystem.”