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Neiman Marcus moves into the secondhand market

Erika Beras Apr 17, 2019
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Neiman Marcus, purveyor of the lavish and exclusive, just made an investment in Fashionphile, an online luxury accessories reseller. The market for used goods is booming. Last year, consumers spent $6 billion on secondhand luxury items. In four years, that’s expected to grow to $23 billion. With this move, Neiman Marcus has a chance to make some money off of that boom.

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