Singaporean e-commerce platform Carousell will open a retail store for second-hand luxury handbags in the city-state today.
The 1,400sq ft store, named Carousell Luxury, will open at The Centrepoint, The Straits Times reported. This is the company’s first offline store under its own brand. The space will offer handbags and other accessories from luxury labels such as Louis Vuitton, Chanel, Gucci and Yves Saint Laurent.
According to Tresor Anne Tan, Director of Client Relations at Carousell Group, the store operates on a “net-earnings model”, in which the sellers agree upfront on the amount they will receive once an item is sold. Items are priced around market rates despite the additional cost of running a store, but Carousell takes a cut of about 25-30 per cent of the consignment price, to cover digital marketing, product photography and other services.
The store also offers both trade-in and direct buy-out options. A team of appraisers will be in charge of checking the materials, stitching and embossing details.
Carousell carried out a soft launch of the retail model last month, which it said attracted buyers and sellers aged from their mid-20s to late 50s, mostly professionals, managers, executives and technicians. Items at the store typically sell within two to four weeks.
