WEATHER ALERT

Neiman Marcus acquires stake in Fashionphile

Advertisement

Advertise with us

NEW YORK - Neiman Marcus Group is getting serious about the fast growing secondhand luxury business.

Read this article for free:

or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 17/04/2019 (2660 days ago), so information in it may no longer be current.

NEW YORK – Neiman Marcus Group is getting serious about the fast growing secondhand luxury business.

The Dallas-based luxury retailer said Wednesday it has acquired a minority stake in Fashionphile LLC, an online seller of preowned accessories.

As part of the deal, Neiman Marcus and Fashionphile, founded in 1999, will be launching new ways for both buyers and sellers to more easily participate in the preowned market. That means at select Neiman Marcus stores, customers will be able to not only receive an immediate quote for their items from Fashionphile but also payments they can spend immediately on new luxury items at the store. Neiman Marcus says it will not be selling any preowned merchandise at its stores.

FILE - This March, 11, 2009, file photo, shows the Neiman Marcus store in Dallas. Neiman Marcus Group is getting serious about the fast growing secondhand luxury business. The Dallas-based luxury retailer said Wednesday, April 17, 2019, that it has acquired a minority stake in Fashionphile LLC, an online seller of preowned accessories. (AP Photo/Tom Pennington, File)
FILE - This March, 11, 2009, file photo, shows the Neiman Marcus store in Dallas. Neiman Marcus Group is getting serious about the fast growing secondhand luxury business. The Dallas-based luxury retailer said Wednesday, April 17, 2019, that it has acquired a minority stake in Fashionphile LLC, an online seller of preowned accessories. (AP Photo/Tom Pennington, File)

The move comes as Neiman Marcus is trying to reinvent itself as its affluent shoppers spend more online.

Neiman Marcus’s first Fashionphile salon in its stores will open this fall, but the location hasn’t been set yet, according to Neiman Marcus’s CEO Geoffroy van Raemdonck.

“We want to meet the needs of our customers,” Van Raemdonck said. “I feel a sense of urgency.”

Van Raemdonck says more than 50% of Neiman Marcus’s customers sell or buy preowned goods, according to its own study. He believes the new partnership will help make it easier for shoppers to get their payment and then quickly use the newfound money to buy new goods at the store.

This isn’t Neiman Marcus’s first try at second hand. It had a short-lived partnership with The RealReal, an online seller and buyer of secondhand designer goods a few years ago. Van Raemdonck says the secondhand market has become much more popular with its customers since then.

___

Follow Anne D’Innocenzio: http://twitter.com/ADInnocenzio

Report Error Submit a Tip

More Stories

Letters, July 28

6 minute read Preview

Letters, July 28

6 minute read Yesterday at 2:00 AM CDT

Thank you for sharing the news of Blizzard’s passing. I walked the path (near the bison enclosure) many early mornings and was always compelled to say “Salaamelykun” (“Peace be with you’) to him. He would often walk to the wire fence, and we would just look at each other.

Read
Yesterday at 2:00 AM CDT

Students continue to criticize handling of MITT’s closure

Morgan Modjeski 5 minute read Preview

Students continue to criticize handling of MITT’s closure

Morgan Modjeski 5 minute read Monday, Jul. 27, 2026

Students at a Manitoba trade college say their education has been hampered as a result of its impending closure and they blame government for a poor transition.

The provincial government announced in January it would close the Manitoba Institute of Trades and Technology because it was no longer financially viable following the federal government’s decision to cut the number of international students allowed to study in Canada.

Officials have said students would remain the top priority as 19 programs from MITT are set to be absorbed by Red River College Polytech.

Kieran Smith, an electrical applications student at MITT, said it feels like those in charge “don’t really care.”

Read
Monday, Jul. 27, 2026

Neiman Marcus acquires stake in Fashionphile

Anne D'Innocenzio, The Associated Press 2 minute read Preview

Neiman Marcus acquires stake in Fashionphile

Anne D'Innocenzio, The Associated Press 2 minute read Wednesday, Apr. 17, 2019

NEW YORK - Neiman Marcus Group is getting serious about the fast growing secondhand luxury business.

The Dallas-based luxury retailer said Wednesday it has acquired a minority stake in Fashionphile LLC, an online seller of preowned accessories.

As part of the deal, Neiman Marcus and Fashionphile, founded in 1999, will be launching new ways for both buyers and sellers to more easily participate in the preowned market. That means at select Neiman Marcus stores, customers will be able to not only receive an immediate quote for their items from Fashionphile but also payments they can spend immediately on new luxury items at the store. Neiman Marcus says it will not be selling any preowned merchandise at its stores.

The move comes as Neiman Marcus is trying to reinvent itself as its affluent shoppers spend more online.

Read
Wednesday, Apr. 17, 2019

Sottobraccio brings Harth’s Italian flavours to new location in Osborne Village

Eva Wasney 4 minute read Preview

Sottobraccio brings Harth’s Italian flavours to new location in Osborne Village

Eva Wasney 4 minute read Yesterday at 5:21 PM CDT

Sottobraccio is the answer to a common refrain at Harth Mozza & Wine Bar.

“The No. 1 thing we always hear from guests at Harth is, ‘We love coming here, but it’s such a drive,’” chef Brent Genyk says of his popular fine-dining restaurant in South St. Vital.

Harth’s new sister restaurant opened in the heart of Osborne Village in June, joining a raft of other eateries that have moved into the central Winnipeg neighbourhood in recent years.

Sottobraccio is located at 160 Osborne St. in the main floor of the Zü, a new retail and residential complex built on the former site of the Osborne Village Motor Inn and its well-known music venue, the Zoo.

Read
Yesterday at 5:21 PM CDT

Saying goodbye to a friend I never met

Pam Frampton 5 minute read Preview

Saying goodbye to a friend I never met

Pam Frampton 5 minute read 2:00 AM CDT

Hedie Epp and I first connected over a column I wrote in October 2023 about my mother’s dementia.

Someone she knew had been diagnosed with Alzheimer’s and she emailed to say my column had prompted her to get in touch with them.

“I look forward to reading more of your articles,” she wrote. Her email signature included a quote from Romans in the New Testament: “If it is possible, as far as it depends on you, live at peace with everyone … Do not be overcome by evil, but overcome evil with good.”

I was intrigued, as it hinted at some inner turmoil.

Read
2:00 AM CDT

The Manitoba government is taking more time to evaluate and select a preferred corridor for the twinning of a 16-kilometre section of the Trans-Canada Highway near the Ontario boundary.

An earlier timeline indicated Manitoba Transportation and Infrastructure expected to choose an alignment by the fall of 2025. A provincial spokesperson told the Free Press a decision is now expected this winter.

“The department continues to evaluate corridor alternatives and will undertake additional geotechnical, environmental and design work as part of the (functional design study) to support the selection of a preferred corridor,” the spokesperson said in a statement.

The study, which will include Crown-Indigenous and public consultation, is expected to be completed in late 2027, with a detailed design to follow.