Hermès, Louis Vuitton, and Chanel continue to dominate the luxury fashion industry by maintaining their top positions for retail value retention, according to the recently released ‘Clair Report’ by luxury bag resale platform Rebag for 2022. The report reveals that Hermès handbags have retained an impressive average of 103% of their retail value, making them the top-performing brand in terms of value retention. Louis Vuitton closely follows with a retention rate of 92%, showing a significant increase of 12 percentage points compared to the previous year. Chanel has also experienced a substantial rise in average value retention, going from 75% to 87%, a remarkable increase of 12%.
While the established luxury brands continue to dominate, there is also a new player in the game. Telfar, known for its accessibility and popularity among Gen-Z consumers, has seen a surge in resale value. The brand’s bag drop-model exclusivity and limited availability have resulted in an increase in resale prices, with Telfar items consistently selling for over 145% of their retail price, according to Rebag.
In addition to Hermès, Louis Vuitton, and Chanel, other luxury brands have also witnessed a significant rise in average retention values. Gucci has experienced a 10% increase in interest, going from 59% to 69%, thanks to successful collaborations and collections. Bottega Veneta and Prada have each seen an increase in average value retention, with Bottega Veneta’s early 2000s-inspired pieces driving its popularity among street style icons like Kaia Gerber, Kendall Jenner, and Bella Hadid.
Looking ahead, Rebag has identified several luxury bags and accessories as safe bets for investors. These include the Telfar medium faux leather shopping tote, the Louis Vuitton monogram canvas bum bag, and the Chanel quilted caviar mini classic single flap top handle bag. Key accessories that hold their value well include the Louis Vuitton reverse monogram canvas card holder, the Hermès calvi duo chevre mysore card holder, and the Louis Vuitton monogram canvas toiletry pouch 26.
Rebag’s CEO and founder, Charles Gorra, emphasizes the shift in consumer shopping trends over the past year, stating that customers are now making more informed decisions with their purchases. The Clair Report aims to provide transparency in the luxury market by expanding the product life cycle and promoting circularity.
The data used for the Clair Report is compiled from Rebag’s proprietary luxury appraisal index called Clair. This index takes into account factors such as retail price, demand, and research to precisely determine the pricing of Rebag items for cash or credit. The report’s data was gathered from July 2021 to July 2022, offering valuable insights into the luxury market for both consumers and investors.
To learn more about the Clair Report and the luxury brands mentioned in the article, you can visit the following links:
– Rebag’s Clair Report
– Hermès
– Louis Vuitton
– Chanel
