Millennials propel rapid growth of the second-hand luxury goods market
DUBAI, 2 days
ago
The Middle East’s love for luxury is fuelling rapid growth in the second-hand luxury goods sector. Whilst the pandemic has resulted in reduced in-person shopping, online platforms have profited from a surge in demand from millennials keen to acquire high-end goods at affordable prices.
Sabrina Sadiq, founder and CEO of Luxury Promise, a leading social commerce platform for the world’s most exclusive, rare and luxurious second-hand goods and accessories, said: “Our revenue increased fivefold this year due to more customers shopping online throughout the lockdowns.”