Online Resale Market Expected to Boom in Next Five Years

A recent report finds the online resale market is expected to grow from $28 billion to $64 billion worldwide over the next five years. It comes as top luxury retailers like Chanel and Louis Vuitton are raising their prices as they attempt to make up for lost sales due to the pandemic. Diana Nguyen, Founder and CEO of Lux Second Chance, Canada's leading online consignment shop, joined Wake Up with Cheddar to break down the trends.
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