New luxury footwear reselling platform for iOS uses its own currency
The market for pre-owned fashion goods is ripening up fast. An industry that used to be associated with thrift shopping and cheap knocked down products has become big business for luxury operators as well.
One such company working in the footwear resale market, Luxury Shoe Club, is deepening its reach into the sector. The fashion tech start-up has announced the launch of a new smartphone app that takes the entire experience of buying and selling luxury shoes to your mobile sets.
Additionally the firm is also kick-starting the operations of its new membership club and newly updated shoe trading platform.
Scott Van Valkenburgh, Chief Shoe Evangelist of the company said in a press statement, “When I saw how much money and time it cost women to sell their shoes on The Real Real, Poshmark and eBay, I wondered why women with the same shoe size couldn’t just trade shoes they no longer wear with each other.”
The website differs from other competitors in the market with its approach to limiting the number clicks per user it takes in order to list a product. However, the biggest differentiating factor is that LSC lets member trade using its own proprietary on-site ‘points system.’ With each point equaling to the value of one USD, the system is fairly easy to understand, while LSC’s own algorithm takes up the task of evaluating what should be the value of a listed product.
In practice, whenever anyone lists a product, the algorithm calculates an appropriate price and even pays 50 percent to him/her right away. Once someone places an order for the listed product, rest of the amount is also credited to the seller’s account.
إرسال تعليق