I've only been shopping the designer handbags and the resale market since 2019, but in that time, I've found Yoogi's, as a smaller, family-owned company, to be really consistent and easy to work with. Over the years, I probably bought more from
Fashionphile (they have volume and selection) and sold more to Fashionphile -- FP more then than not could offer more, but sometimes it was Yoogi's that came in with a much better offer.
In the earlier stages of the pandemic, I remember Fashionphile advertising that it was offering top dollar. I assume that was because they weren't getting as much inventory in.
In any case, I am truly stunned at the 180-degree turn their offers have taken in the past couple of months. It's almost like their CFO looked at the inventory and crunched the numbers and put out an edict to substantially lower offers and slash inventory. I went from nothing ever being turned down in the past couple of years to getting quite a few declines in recent weeks, with the stated rationale being that they have too many of that style. And the offers themselves have been so low as to be eye-popping.
I'm sure they'll change course again at some point, but I would be very curious as to what the current strategy is, and why. Did they grow too fast after the Neiman Marcus partnership? Is it due to modeling focused on the effect of inflation?
In terms of returns and purchases, knock on wood, I have never had any problems. But now I am worried for possible future snafus, given the horror stories here.