NEW YORK — Neiman Marcus Group is getting serious about the fast growing secondhand luxury business. As part of the deal, Neiman Marcus and Fashionphile, founded in 1999, will be launching new ways for both buyers and sellers to more easily participate in the preowned market. Neiman Marcus says it will not be selling any preowned merchandise at its stores. The move comes as Neiman Marcus is trying to reinvent itself as its affluent shoppers spend more online. Neiman Marcus’s first Fashionphile salon in its stores will open this fall, but the location hasn’t been set yet, according to Neiman Marcus’s CEO Geoffroy van Raemdonck.

Source: National Post April 17, 2019 14:44 UTC