How to Save Money on Fashionable Labels

Christel Deskins

By Courtney Jespersen Nowadays, it’s not just celebrities who wear high-end clothing and accessories. The influencers filling your social media feed likely wear them, too. Millennials love buying luxury names, according to Thomai Serdari, academic director of the Fashion & Luxury MBA at NYU Stern School of Business and brand […]

By Courtney Jespersen

Nowadays, it’s not just celebrities who wear high-end clothing and accessories. The influencers filling your social media feed likely wear them, too.

Millennials love buying luxury names, according to Thomai Serdari, academic director of the Fashion & Luxury MBA at NYU Stern School of Business and brand strategist at Brand(x)Lux.

Some younger people are environmentally or socially conscious and invest in higher-end labels, buying one quality item that lasts for years or spending more money for a brand with a mission they believe in. Others simply want to treat themselves to a premium handbag, watch or pair of shoes every once in a while.

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“They like to be seen and they like to be photographed on Instagram carrying all the big names,” Serdari says. “Chanel, Louis Vuitton  (LVMUY) , Prada  and all these luxury brands.”

Here are a few ways to save money on products from some of the most sought-after labels. These tips can be applied to different levels of brand prestige and price points.

Shop the Secondary Market

Perhaps your best shot at savings is in the secondary market.

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