The American fashion brand designer Phillip Lim has struck an agreement with the online luxury consignment marketplace The RealReal to sell unsold items from previous collections of the 3.1 Phillip Lim brand at discounted prices, reported WWD. Brand products are placed in a dedicated online shop and remain there until they are sold, offering an alternative to wholesale channels and a solution for unsold goods and cancelled orders.

When releasing its first quarter results on May 6, RealReal said that interest from business sellers for its business-to-business vendor program had increased 10 times compared with pre-Covid levels.