The launch marks the next phase of THE OUTNET’s online resale strategy, enabling customers to extend the lives of luxury pieces and contribute to a more circular fashion system.
LONDON, U.K and NEW YORK, U.S (14 APRIL 2022) – THE OUTNET , part of YOOX NET – A – PORTER, has launched a new service in partnership with Reflaunt where customers have the opportunity to resell ready – to – wear , shoes, bags and accessories in exchange for store credit with an extra 10% incentive or direct bank transfer once sold. In addition, THE OUTNET will offer a bag buyback option for a curated list of pre – approved designers giving customers the opportunity to receive store credit as soon as their item is accepted.
The partnership with Reflaunt gives THE OUTNET customers access to the world’s largest resale network as well as a seamless experience through complimentary home collection or drop – off, digital product authentication, pricing recommendations and professional photography.
The service will be offered in the U . K . , Germany and H ong K ong SAR for both womenswear and menswear. The U . S . will launch for womenswear only, with menswear to follow in line with THE OUTNET U . S . menswear site launch later this spring.
Having the ability to extend the life of luxury beyond seasons and trends is what defines THE OUTNET as a business. Our resale partnership with Reflaunt will give our customers the opportunity to extend the life of their past favourite pieces and support of our vision of encouraging a circular mentality.
Emma Morti mer, Managin g Director , THE OUTNET .
THE OUTNET’s resale service follows the launch of NET – A – PORTER and MR PORTER’s resell services which all contribute to YOOX NET – A – PORTER’s commitment to ‘Unlock re – commerce’ – one of 12 commitments within its ambitious ‘Infinity’ sustainability strategy to 2030. Through this commitment, YOOX NET – A – PORTER aspires to give luxury products multiple lives by bringing innovative and exceptional re – commerce experiences to customers across its four online stores by 2025.
Followers of THE O UTNET are invited to join the conversation on social media using: @THEOUTNET For more information about THE OUTNET visit www.theoutnet.com.
