business news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

 • WWD reports that Amazon has unveiled "its latest Amazon Luxury Store: A partnership with reseller What Goes Around Comes Around that places pre-owned and vintage bags from some of luxury’s biggest players — like Louis Vuitton, Hermès, Chanel, Prada and Gucci — on Amazon’s site.

"The shop sees several hundred items available for purchase through the Luxury Stores at Amazon. Over the next two months that number will increase to an inventory exceeding 2,000 bags — as well as select small accessories and jewelry. Pre-owned Rolex watches are also now for sale on Amazon through WGACA.

"The move is clever for both involved parties. It gives What Goes Around Comes Around a much-expanded client base. But it also gives Amazon the goods it has been looking to carry for years, as well as a partner that is responsible for authenticating pre-owned luxury products. One could take it as a simultaneous run at companies like LVMH Moët Hennessy Louis Vuitton, who have repeatedly turned Amazon down, as well as resale start-ups like The RealReal."

I have to admit that I had no idea that one could buy a Rolex on Amazon … not that I'm in the market for one, but I simply didn't know it.  But, this morning…