FASHIONPHILE is the ultra-luxury recommerce leader, focusing on high-quality and exclusive ultra-luxury brands, specifically, handbags and accessories, including watches, jewelry, and shoes. Excelling in first-class digital and omnichannel experiences, as well as luxury in-person services. Our innovative retail partnership with Neiman Marcus has accelerated the luxury lifecycle to a velocity unparalleled anywhere else in the world, bridging the primary and secondary market through FASHIONPHILE’s innovative recommerce technology, proprietary pricing algorithm, and pioneering authentication platform.
Fashionphile
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1.82
Overall Excellence Rating
Industry
Retail & WholesaleCategory
Clothing & Shoe Stores, DepartmentESG/Ethical Impact
FASHIONPHILE’s original motto was, “saving the earth one handbag at a time.” To the world, it was tongue-in-cheek, but we meant it. Since 1999, FASHIONPHILE has been continuously learning and evolving to minimize its environmental footprint. As a resale company, we are inherently sustainable in our business model of extending the life of these ultra-luxury items. Our studies with Kantar and Ecodrive have helped us deeply understand and examine resale’s impact. But it doesn’t stop there. We continue to implement more sustainable initiatives in our everyday operations in order to better improve FASHIONPHILE’s internal business activities We are inherently sustainable being in resale, but just how sustainable you ask? We conducted our own in-depth study with Kantar behind the sustainability of luxury handbags. From purchase decision criteria through end-of-use behaviors, we found that the lifespan of luxury handbags greatly exceeds that of their “fast fashion” counterparts. This is because luxury shoppers are more likely to put the work into caring for them. Luxury items are also made better under ethical working conditions and use quality materials designed to last longer. To be able to discover and wear bags made from 20-30 years ago is why resale is what it is today. While the Kantar study opened our eyes to the behaviors of luxury shoppers and why luxury goods last so long, we needed to know more.
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Awards Received
2023
Revenues
20100000.00
Website Traffic
Employee Rating
2.70
Customer Rating
4.00
Company Size
100-1000
ESG Risk Rating
3.00
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