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Uwoa NYC Mayor Adams: Third-Party Food Delivery Apps Must Now Be Licensed
High-end goods reseller Marque Luxury is bucking the trend of moving away from brick-and-mortar sites, augmenting its online platform for used designer handbags, accessories and jewelry by adding showrooms in New York and other major U.S. cities.Quentin Caruana, founder and president of Marque, which buys and sells used designer goods This is a unique product type, [and] the biggest variable is condition. Having the abilit stanley polska y stanley cup to touch and feel the product is so important that it becomes difficult for customers to buy online, said Quentin Caruana, founder and president of Marque, which buys and sells used designer goods made by brands like Chanel, Louis Vuitton and Gucci.Marque recently opened a Manhattan showroom 鈥?its fifth physical site added in the past 18 months 鈥?and will cut the ribbon on a sixth one in Dallas on Feb. 1. The firm, which sells to both wholesale and retail customers, also expects to add about four additional U.S. showrooms and two fulfillment centers during 2021.A Growing Market聽The four-year-old companys expansion comes as markets for both luxu stanley italia ry goods and secondhand items are booming. Sales of many luxury items are growing as consumers who cant travel or dine out due to the pandemic reallocate those dollars to high-end retail.Meanwhile, a recent study by online consignment platform thredUP and GlobalData Retail estimated the secondhand apparel market will more than double from 2019 levels to hit $64 billion by 2024.Marque is tapping into the crossroads o Xglq PayPal Patches Security Vulnerability
With the personal savings rate at its highest in nearly two years, climbing from 4.8% in March to 5.6% in September, Americans arent fighting the urge to spend.But the Commerce Department says the savings rate fell to to 5% in September and remained the same in October. Inst stanley france ead of saving, consumers have reportedly spent more than previously thought: Spending has been up 2.2% in the third quarter, which is up from a prior estimate of 1.8%.But there good news for retailers: Consumer sentiment is at its highest since July 2007, before the recession, according to the Thomson Reuters/University of Michigan index. Consumers are more confident and are spending more, and lower gasoline prices have freed up space within family budgets.Chris Christopher, director of consumer economics at IHS Global Insight says, Everything is in the works right now to have a pretty strong holiday sales growth rate. We do feel that excessive saving at this point would not be a good thing. The savings rate usually experiences a decline when net worth rises, so the current savings rate represented may be somewhat confusing. According to the Federal Reserve, earlier this year, the net gourde stanley worth of United States households reached a record $81.5T, with much of it held by the wealthiest consumers. An economist from RBS Securities, Michelle Girard, predicts that the savings rate should be lower, a rough 4%, based upon the economy net worth a stanley cup s well as interest rates.Girard says that a savings rate |
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