Well, the temptation to buy designer bags at these department/wholesaler store sites (versus say
Fashionphile/Yoogis etc.) is mitigated by the
outlandish overpricing. They're evidently pitching to people who don't have the chops or patience to research resale prices.
There is a thread somewhere about FashionPhile's recent acquisition of LXRCo and their entering into B2B.
The heart of the conversation was trying to figure out what exactly this would mean and who would be those clients buying at the end of the B2B pipeline (and where) rather than directly from FashioPhile. I think we are beginning to see some of the answers.
The culture of hype and the big narrative about "it bags" has skewed the perspective on luxury handbags by making some bags so highly coveted that they eclipse the rest. However, the reality is that luxury brands have been belting out bags ever since this has become the business model in High Fashion: hyping up a Fashion House through its Couture in order to sell maroquinerie. At the same time, the culture of keeping one's bags until they (or you) died is over; people resale bags. And finally, fashion houses got caught and castigated for destroying overstock, which they stopped doing.
As a result, the market is actually flooded with designer handbags. And the older the House, the more bags they have in circulation actually; that is simply statistical. So LV, Hermès, Chanel actually have tons of bags in the market, more than say, the Row or Khaite or whatever. The desirable ones have their values propped up buy marketing and social media strategies... But what about the undesirable ones?
It used to be that granny would die and you would discover a pile of old musty handbags in her cupboard that would pretty much all end up in the trash, as you would never dream of wearing your grandma's outdated handbags, for one, but also most would be run down, old, out of shape and moldy. But now, all of those get rescued.
Anyways, there is overstock and overflow of designer handbags, which is why they are now appearing at the Costco. And that is not even taking into account the fakes. The only real question is: when does the veil get pulled back and the prices finally adjust to this reality?