London, UK, April 08, 2024 (GLOBE NEWSWIRE) — Watches World, a leader in the luxury watch industry, is excited to announce its expansion into the pre-owned luxury bag market, with a particular focus on Hermès bags, in response to the increasing consumer demand and market trends. This strategic expansion is aligned with the global pre-owned luxury bag market’s projected growth, expected to soar from US$ 5.9 Billion in 2022 to an estimated US$ 10.77 Billion by 2032, propelled by a 6.2% growth rate.
The decision to add luxury bags to the offering comes when the luxury market is experiencing significant growth, driven by factors such as rising disposable incomes and a surge in demand for designer bags. The trend towards high-end purses for social gatherings and parties is expected to be a key driver for sales of pre-owned luxury bags. Moreover, the influence of social media and celebrity fashion trends further elevates the demand for prestigious brands like Hermès.
Rudy Esposito, CEO of Watches World, shared his insights, “The luxury market is evolving, with a noticeable shift towards more sustainable choices without compromising prestige. Our entry into the pre-owned Hermès bag market reflects this trend, offering our clients the perfect blend of luxury, exclusivity, and sustainability. We’re not just selling bags; we’re offering a sustainable luxury lifestyle that resonates with the values of our discerning clientele.”
In particular, Hermès bags are renowned worldwide for their unmatched quality, craftsmanship, and exclusivity, making them the most sought-after luxury bags on the market. However, acquiring these exquisite pieces directly from boutiques often involves long waiting lists, a challenge for those eager to own a piece of this exclusive brand. Watches World offers an unparalleled opportunity to bypass these waiting periods, providing instant access to a curated selection of Hermès bags without the wait. Furthermore, each bag in our collection undergoes a rigorous authentication process conducted by our in-house specialists, ensuring every piece we offer is genuine and meets our high-quality standards. This commitment guarantees authenticity and aligns with our dedication to providing sustainable luxury options to our loyal clients.
Watches World’s curated collection of luxury bags will cater to this growing demand, ensuring each piece meets the highest standards of quality and authenticity. “As disposable incomes rise and the allure of designer bags grows, especially for high-profile social occasions, we see a tremendous opportunity to meet our customers’ desires for luxury and exclusivity through our pre-owned bag collection,” Esposito commented.
Expanding into pre-owned luxury bags signifies Watches World’s commitment to sustainability and adaptability to market dynamics and consumer preferences. By offering a selection of meticulously authenticated and carefully preserved luxury bags, Watches World is set to redefine luxury shopping experiences, marrying the desire for high-end fashion with environmentally conscious consumerism.
For more details about Watches World and its exclusive collection of pre-owned luxury bags, please visit www.watchesworld.com or email fanny@watchesworld.com.
About Watches World
Watches World, a distinguished name in luxury watch retail, is extending its realm to include pre-owned Hermès bags, reflecting its commitment to sustainability, luxury, and unmatched quality. With a strong foundation as a primarily online shop, Watches World boasts a global presence in the luxury watches and fine jewelry market. Renowned for its dedication to customer satisfaction and unparalleled shopping experience, Watches World continues to innovate and lead in the luxury market, catering to the sophisticated tastes of its global clientele. Our expansive reach and digital expertise enable us to serve customers worldwide, offering them access to a vast selection of luxury items from the comfort of their own homes.
