Rebag, the ultimate destination for buying and selling luxury handbags, announces the extension of its acclaimed Rebag Infinity program, increasing endless access to designer goods.
Rebag Infinity initially launched in 2018, allowing shoppers the option to purchase a bag, carry it for up to six months, and exchange it for 70% of its original price in Rebag credit. Today, Rebag extends that offering to three different tiers, with more duration options and increased payouts:
- 0 to 3 months, for 80% of the purchase price
- 3 to 6 months, for 75% of the purchase price
- 6 to 12 months for 70% of the purchase price
Rebag Infinity makes it possible for shoppers to refresh their closets as often as they like and choose from a selection of thousands of designer handbags. The decision to expand Infinity comes on the heels of Rebag’s customer research showing that over 50% of the bags sold back through Infinity are done so within one quarter from initial purchase and that 70% of buyers are more likely to purchase from a retailer that offers a buy-back guarantee.
With trends coming and going each season, choosing a bag you will love and hold onto forever gets more complicated. Rebag Infinity replaces the traditional act of ownership, providing shoppers with the power of choice: purchase the “it” bag of the moment now and exchange it for a new bag as often as you’d like, with no buyer’s remorse.
“The various Infinity tiers share the same goal: to redefine the timeline of ownership and replace it by temporary access, at your own pace,” said Charles Gorra, founder and CEO of Rebag. “Rebag Infinity facilitates a sustainable cycle where shoppers can continuously reinvest their Rebag Credit and always carry the handbag of their dreams.”
Customers can access Rebag Infinity and an endless supply of handbags all year round, via the mobile app or website, or at one of Rebag’s 9 brick and mortar locations in NYC, Los Angeles or Miami. At the stores, sellers and buyers can also experience the fastest and most transparent resale process that Rebag has become known for, providing payment in less than 60 minutes.