FASHIONPHILE

6359 Paseo Del Lago, Carlsbad, CA 92011

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. Mission: FASHIONPHILE’s mission is to revolutionize luxury fashion by creating a sustainable alternative that not only extends the life cycle of luxury products but also makes them more accessible to a more diverse customer.

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3.2

Overall Excellence Rating

Industry

Retail

Category

Department, Clothing & Shoe Stores

ESG/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. Our comprehensive assessment on materiality with Ecodrive involved some of the most popular products we resell at FASHIONPHILE. We discovered that materials are truly impactful, and producing goods takes a toll on the environment. From handbags and shoes to jewelry, each channel of material production can negatively affect the air, water sources, and surrounding ecosystems. Choosing pre-owned saves countless pounds of carbon emissions and gallons of water. But this isn’t the only environmental assessment we conducted. As they say, it starts from the inside out.

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Awards Received

2023

Revenues

$22,000,000.00

Website Traffic

Employee Rating

3

Customer Rating

3.2

Company Size

100-1000

ESG Risk Rating

3

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