Digitally native Rebag has added another location to its brick-and-mortar portfolio.
The reseller of luxury handbags, fine jewelry and designer accessories has opened a location in tony Greenwich, Conn. The 2,100-sq.-ft. shop houses the most in-demand styles from Rebag's 20,000-plus inventory.
The new location also features the in-store debut of Rebag’s first-ever “Clair Corner.” The self-service kiosk allows customers to receive an instant price quote on an item they want to sell using the company’s Clair by Rebag pricing tool.
Launched in 2019, the proprietary Clair software tool is backed by seven years of data and millions of image references that instantly determines the resale value of more than 15,000 styles. Rebag expanded the tool earlier this year, adding machine learning capabilities
In addition to buying and selling items at the store, shoppers can take advantage of Rebag's recently launched Clair Trade service. It lets customers can shop Rebag's entire online and in-store collections, sell an item within 60 minutes by leveraging Rebag's buy and sell an item in a single, combined transaction and pay only the difference.
“Greenwich has always been a shopping destination for local communities in Connecticut and New York; and since COVID-19, it has become even more popular due to a vast amount of New York City residents moving to the area," said Charles Gorra, founder and CEO of Rebag. "Opening a physical location in Greenwich is a natural next step, and builds on our retail strategy of penetrating local markets where our customers dwell, while serving as a convenient drop-off point for sellers."
Shoppers not located near one of Rebag’s eight physical stores can buy and sell through its mobile app and rebag.com. Rebag said it provides payment for eligible luxury goods accepted within one to two business days for online transactions, and less than 60 minutes in stores.
Founded online in Rebag currently has eight physical stores, including four locations in New York City; two in Miami; one in Arcadia, California; and one in Connecticut.
[Read More: Rebag debuts ‘micro’ store concept]