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LXRandCo is pleased to announce the official launch of the designer vintage and pre-owned jewelry collection in partner stores as well as online, available to shoppers across North America starting this week.
To celebrate this exciting launch for the luxury vintage retailer, LXRandCo partnered with Micaela Erlanger, celebrity stylist (known for her work styling A-listers like Meryl Streep, Lupita
Announced today, LXRandCo has signed a partnership agreement with a leading US department store with more than 200 stores in more than 20 states. Under this agreement, LXRandCo will initially open 10 "shop-in-shop" locations in November 2017.
"If you tend to shy away from buying designer goods online, you can visit their boutique at The Bay, on the main floor, downtown. You will be able to feel the material of the bags you are crushing on and try it on to see if it fits you like a glove," writes blogger Gabrielle Lacasse of Dentelle+Fleurs.
LXRandCo today announced it has signed a new retail partnership agreement with a national department store with more than 500 locations across the US. Under the agreement, LXRandCo will initially open 20 "shop-in-shop" locations throughout November 2017, many in geographic regions in which LXRandCo does not currently have a store presence.
This latest partnership is evidence of the compelling value proposition that LXRandCo offers to retailers – a truly unique offering for new and existing customers, as well as highly productive use of retail floor space," says Todd Howard, Executive Vice President, Global Business Development, LXRandCo, Inc.
Beginning this week, LXRandCo is introducing two new vintage luxury product categories – apparel and shoes for women and men – at five of the top performing locations of its largest retail partner in the US. With these new categories, LXRandCo will introduce new brands such as Christian Louboutin, Moncler, and Giuseppe Zanotti, among others.
You've probably heard of e-commerce. But what about re-commerce? It's the business of buying and selling used items. Canadian company LXRandCo is carving out a niche in this category. It deals in the vintage luxury market, which is growing 14 per cent every year, according to the experts at Canaccord Genuity, a financial services company.
"Looking ahead, we will continue to leverage our ongoing success to roll out new stores with existing partners as we pursue new partners to further expand our footprint in the United States and enter new markets internationally."
The new stores will be within Hudson's Bay's first five stores in the Netherlands, beginning on September 7 with Hudson's Bay's flagship store in the bustling Rokin area of Amsterdam.
"These 16 additional openings mark our second expansion with this partner since we started with them two years ago and are indicative of the value that the LXRandCo vintage luxury shopping experience brings to our partners."
Capital Ideas Research publisher Mark Bunting talks to Joe Mimran, chairman of LXRandCo, about retail trends and luxury vintage.
Founded in 2010 by Frederick Mannella and Kei Izawa, LXRandCo specializes in selling second-hand luxury goods. In 2014 the business model changed from business to consumer. "Kei and I were making a good living but we thought we wanted to build a billion-dollar business," says Mannella.
Fred Mannella, co-founder and CEO of LXRandCo., joins BNN's Catherine Murray for a look at what's taking shape in the re-commerce industry as demand continues to grow for second-hand handbags and watches.
Joe Mimran, chairman of Gibraltar Growth Corporation and Fred Mannella, CEO of luxury goods vendor LXR, join BNN to discuss Mimran's acquisition of the Montreal-based retailer.
The deal will see LXRandCo locations opened in five of the chain’s top performing stores with the debut concession having opened in the Oxford Street, London branch late last week.
"Our 73% year-over-year growth in net revenue for the second quarter is the direct result of the continued successful execution of our international omni-channel strategy," said Fred Mannella, Chief Executive Officer.
Blogger Josie of Petite & Bold delves into her strategy for breaking into luxury and how LXRandCo helps.
LXRandCo has partnered with Hudson’s Bay and set up shops within its department stores in Toronto, Montreal, and Calgary. Vancouver has now become its fourth shop-in-shop and launched on August 12th 2015 in the sub-basement level of its flagship location in downtown.
LXRandCo, a Montreal-based online vintage luxury retailer, is pushing for more bricks and mortar stores. It is already in Beverly Hills, New York and Toronto, with a pop-up shop coming to The Bay downtown in Montreal Dec 20-26 2014.
Montreal’s LXRandCo is part of a growing market for preowned luxury brands. The company features brands that include Hermès, along with Chanel, Céline, Louis Vuitton and Prada.
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