Rebag Expanded its Offering to Include Watches and Fine Jewelry
Grace Mahas — October 28, 2020 — Business
References: rebag
Rebag, the platform for buying and selling luxury goods, recently expanded its portfolio to include two new categories, watches and fine jewelry. Fans of the website can now look to the platform to shop brands like Rolex, Cartier, Patek Philippe, Hublot, Van Cleef & Arpels, Tiffany & Co., and more, all at accessible prices.
Charles Gorra, CEO and Founder of Rebag, commented on the expansions, stating: “After successfully expanding into accessories earlier this year, our entry into the Watches and Fine Jewelry category is the natural next step for us. Rebag is the expert and ultimate destination for all luxury goods. We’re excited to offer our customers a new category of items to invest in.”
The expansion follows two groundbreaking initiatives, Clair by Rebag and Rebag Infinity. The former allows shoppers to access an instant offer online or in Rebag’s app. The latter gives shoppers up to a year to trade their purchase back to Rebag for anywhere from 70% - 80% of the original Rebag price, "replacing the traditional act of ownership."
Image Credit: Rebag
Charles Gorra, CEO and Founder of Rebag, commented on the expansions, stating: “After successfully expanding into accessories earlier this year, our entry into the Watches and Fine Jewelry category is the natural next step for us. Rebag is the expert and ultimate destination for all luxury goods. We’re excited to offer our customers a new category of items to invest in.”
The expansion follows two groundbreaking initiatives, Clair by Rebag and Rebag Infinity. The former allows shoppers to access an instant offer online or in Rebag’s app. The latter gives shoppers up to a year to trade their purchase back to Rebag for anywhere from 70% - 80% of the original Rebag price, "replacing the traditional act of ownership."
Image Credit: Rebag
Trend Themes
1. Luxury Jewelry Resale - Disruptive innovation opportunity: Develop a platform that specializes in the resale of high-end jewelry and watches, providing luxury goods at accessible prices.
2. Instant Offer Solutions - Disruptive innovation opportunity: Create an online tool or app that offers instant purchase offers to customers interested in selling luxury goods.
3. Sustainable Ownership Models - Disruptive innovation opportunity: Explore alternative ownership models, like Rebag's Rebag Infinity, where customers can trade their purchase back for a significant portion of the original price, promoting sustainability and reducing waste.
Industry Implications
1. Luxury Resale Platforms - Disruptive innovation opportunity: Develop an online marketplace specifically for the resale of luxury goods, creating a sustainable and accessible way for customers to buy and sell high-end items.
2. Luxury Watch Market - Disruptive innovation opportunity: Introduce new platforms or services that cater specifically to the luxury watch market, providing a convenient and reliable way for customers to buy and sell high-end timepieces.
3. Fine Jewelry Industry - Disruptive innovation opportunity: Integrate technology and innovative business models into the fine jewelry industry, making it easier for customers to access and purchase high-quality jewelry at affordable prices.
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