Rebag continues to capitalize on the resale boom.
The digitally-native designer handbag reseller opened its tenth brick-and-mortar location, at Dadeland Mall in Miami, Florida. The opening comes five months after Rebag opened a flagship in Miami's Design District and shortly after the company's Series C funding announcement, totaling $52 million to date.
Rebag said it plans to expand its portfolio to an additional 20 stores in the near term, opening locations in areas of high online adoption.
"Over the last few months, we've seen considerable online and in-store adoption from customers in Florida,” said Charles Gorra, founder and CEO of Rebag. "Dadeland Mall's unique clientele will enjoy our transparent, instantaneous retail process through an elevated, in-store shopping experience."
The new store features signature Rebag elements, including a wall devoted to Hermes and Birken bags.
Customers can also utilize the company’s new Clair by Rebag, a luxury appraisal index for resale, via Rebag's site or mobile app. Launched in October 2019, Clair instantly determines the resale value of any handbag across a list of the entire online and in-store assortment, which includes more than 50 brands and 10,000 styles. It offers an exact and fully automated price that Rebag is currently willing to pay to acquire the item. Customers now have the option to quote their own bag and sell it to Rebag, or exchange a previous Rebag purchase for at least 70% of the original price via Rebag Infinity.