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Online resale is booming. Why are so many users unhappy? Global secondhand sales are hitting record highs, but the platforms driving the boom are increasingly alienating some sellers with low payouts and logistical issues. 02 April 2026 Under CEO Francesca Bellettini and designer Anthony Vaccarello, Saint Laurent has more than doubled sales in 5 years and is on track to surpass $3 billion in 2022. Since De Meo's appointment last month, shares of Kering have rebounded by almost a quarter on hopes he'll succeed in turning around the luxury group as he did Renault. The stock is still down about 11 percent this year. Kering's first-half recurring operating income fell 39 percent to €969 million. Analysts were expecting €934.9 million. To access this article on Retail, become a BoF Professional member. Already a member? Keep reading - for only [$] 1. Experience BoF Professional with a 14-day trial, then save 25% on your first year, billed yearly. Discover BoF Professional. Agenda setting intelligence, analysis and advice for the global fashion and beauty community. * Stay ahead of daily news in fashion and beauty * Read expert insight & advice from our editors * Unlock member-only newsletter briefings * Join digital live events & masterclasses * Explore 50+ industry case studies for strategic insight The US's 15 percent tariff on goods from the European Union is "totally manageable" for the company, Chief Financial Officer Armelle Poulou told reporters on a call. The group applied some price increases in the second quarter and may consider further "measured" increases in the autumn, she said. Further Reading After competing for decades to offer the widest possible selection, secondhand retailers like ThredUp, eBay, StockX and Rebag are now trying to gain an edge by offering a more curated experience, with the help of AI and celebrities. Millions of low-cost fashion products are showing up in thrift stores and on resale sites, but that's not curbing the industry's primary growth. Indie boutiques have been using Instagram direct messaging for years to sell off goods. Now, peer-to-peer resale accounts like Noihsaf.Bazaar are expanding faster than ever thanks to the pandemic. Organisations Analysis and advice from the front lines of the retail transformation. As both the temptation to spend and the ease of doing so grow in tandem, mental health advocates, regulators and even everyday consumers are thinking more seriously about the toll it takes on consumers. The programme was established after dozens of women came forward with allegations of abuse by former Harrods owner Mohamed Al Fayed. Wholesale remains essential for the luxury industry, but the rules of engagement have changed. Brands need to know how to minimise the risks and maximise the rewards in their relationships with multibrand players. Small fashion labels have always been shortchanged by their wholesale partners. A wave of high-profile bankruptcies has turned a structural injustice into an existential crisis. There is a better way to do business, writes Imran Amed. Unrivalled, world class journalism across fashion, luxury and beauty industries. From H&M's bid to draw shoppers in with its sustainable positioning, Shein's new circularity study and a campaign showing athleisure can be made using clean energy, fashion is trying to figure out sustainability's saleability. Nike is all over the place at the Final Four. The brand sponsors each Final Four team in the men's and women's tournaments, with the lone exception of South Carolina (until it switches brands in July). Ann Miller, Nike's EVP of global sports marketing, talks about the brand's presence in the tournament and in college sports overall. From a childhood accident in the desert to 16 years conceptualising and creating Louis Vuitton's windows, Faye McLeod joins Imran Amed to trace the emotional origins of her creative process and explain why she is striking out on her own. The L'Oréal-licensed fashion line is launching a new 'haute perfumery' collection, in addition to its more masstige Replica line, to capture an emerging class of scent 'connoisseurs.' The business of fashion. Agenda-setting intelligence, analysis and advice for the global fashion community. About us. Contact us. Our products. CONNECT WITH US ON Links marked with this notice open in a new tab

StockX appoints Sam Lerer as chief financial officer. 5 hours ago US resale platform StockX has announced the permanent appointment of Sam Lerer as chief financial officer. Lerer has served as interim CFO and strategic advisor at the Detroit-based company since July 2025. During his interim tenure, Lerer was instrumental in strengthening the financial operations of the business. His work focused on enhancing planning, forecasting, and supporting strategic decision-making processes. Prior to joining the leadership team at StockX, Lerer spent more than 10 years at US private equity firm General Atlantic. While at the firm, he led the 2019 investment in StockX and served on its board of directors for over five years. Strategic leadership and growth. Lerer previously managed investments in several global consumer technology companies, including Uber, Airbnb, and Snapchat. In his permanent capacity, he will report to StockX chief executive officer Greg Schwartz. "Sam brings a rare combination of deep financial expertise, marketplace insight, and a strong understanding of StockX," said Schwartz. He noted that Lerer's leadership will be instrumental as the platform continues to evolve its marketplace and scale operations. The appointment follows a period of disciplined growth for the company. Schwartz added that having worked closely with Lerer, the executive team has seen his ability to bring rigor to financial operations and expand strategic focus. Educational background and board roles. Lerer holds degrees in economics and computer science engineering from the University of Pennsylvania. His academic focus centered on finance and technology through the Jerome Fisher Program in Management & Technology. "Stepping into the CFO role is a natural next step, and I'm excited to continue working alongside the team to build on the strong foundation in place," Lerer stated regarding his new position. Beyond his corporate responsibilities, Lerer serves on the board of the Scratch Foundation. The non-profit organization operates the largest creative learning community for kidswear-age users and was originally founded at the MIT Media Lab.