Vancouver designer resale retailer Mine & Yours has arrange store in Kitsilano.
Opinions and suggestions are unbiased and merchandise are independently chosen. Postmedia could earn an affiliate fee from purchases made by hyperlinks on this web page.
Article content material
Mine & Yours founder Courtney Watkins admits that opening a brand new Vancouver retailer wasn’t precisely a part of the plans for this yr.
“Initially I didn’t assume it was the correct time,” Watkins says of the brand new designer resale location in Kitsilano. “We began searching for workplace area, which we wanted for our rising advertising and ecommerce crew. Whereas we have been wanting, my director of brand name, Sophia, drove by this retailer in Kits for lease and referred to as me to return test it out.
Commercial 2
Article content material
Article content material
“It was a lovely area and I beloved the neighbourhood, however because it was coinciding with our launch in Toronto, I assumed it could be an excessive amount of directly.”
However, a couple of months later, Watkins determined to revisit the concept after realizing her inventory of designer resale items was surpassing the accessible stockroom of her three current boutique areas.
“I referred to as my realtor to take a look at the area once more. It wasn’t accessible anymore however there was an area about one block away that was even higher,” Watkins says. “After I walked in, it felt proper and I typically go together with my intestine. I had a couple of numbers to run, however I knew straight away this was going to be our subsequent Mine & Yours location.”
The fourth location for the second-hand reseller, the 1,760-square-foot resale store is situated at 2061 West 4th Ave. Mine & Yours additionally operates two shops in downtown Vancouver on Howe and Davie streets, in addition to a boutique within the Yorkville neighbourhood of Toronto that opened earlier this yr.
“Kitsilano is a thriving neighbourhood in Vancouver, and we imagine it’s the best marketplace for our distinctive mix of luxurious and sustainability,” Watkins says of the placement alternative. “Kitsilano is the proper mixture of being near downtown whereas sustaining a neighbourly really feel, making it the correct place for many who recognize luxurious vogue however who additionally worth supporting a regionally owned enterprise.”
West Coast Desk
Article content material
Commercial 3
Article content material
Designed by native inside design studio Fay Mihailides Design to really feel like customers are strolling into “what looks like your finest buddy’s closet,” in response to Watkins, the brand new retail retailer encompasses a Shoe Lounge and signature Bag Wall, which boasts a floor-to-ceiling show of preloved designer purses.
“Every Mine & Yours retailer has its personal distinctive character, and the Kitsilano location isn’t any completely different,” Watkins says. “We have now created the in-store expertise for it to really feel like you’re strolling into your finest buddy’s closet to buy what looks like first-hand luxurious at inexpensive costs.”
Based in 2013, Watkins says Mine & Yours has “come a good distance” over the last decade.
“It began 10 years in the past in a 300-sq.-ft townhouse,” Watkins recollects. “Quick-forward to now, now we have 10,000 sq. ft of retail and workplace area.”
The expansion of promoting area has coincided with a rise in distinctive and uncommon preloved designer finds discovered on the firm. Mine & Yours now repeatedly affords sought-after preloved purses from luxurious manufacturers reminiscent of Hermés, Chanel and Dior, in addition to luxurious jewellery and watches from corporations reminiscent of Cartier and Rolex.
Commercial 4
Article content material
“I keep in mind after we could be so excited to get one or two Chanel luggage in-store at a time. And now now we have 50-plus Chanel luggage at a time coming in on a day-to-day between all our areas,” Watkins says. “We have now actually created a neighborhood of purchasers that we all know rather well, who’ve been with us from the start.”
Along with providing vogue followers an avenue to “flip their closets” by promoting undesirable items and buying new ones — based mostly on the appraised resale worth of a bit, Mine & Yours affords payouts of 30 to 40 per cent money, 50 to 60 per cent retailer credit score or 50 to 70 per cent consignment — luxurious resale shops like Mine & Yours faucet into the rising curiosity in second-hand vogue as customers seek for extra inexpensive and extra sustainable fashion choices.
The second-hand luxurious market is reportedly rising 4 occasions sooner than the first luxurious market, in response to a 2023 report by Digital Luxe, with the world luxurious resale market reportedly valued at US$33 billion in 2021.
“We’ve seen the group shifting in direction of eco-conscious selections, and so they’re after luxurious on a funds. We’re listening to the decision for accountable vogue, and we’re right here for it. It’s all about giving individuals a style of luxurious and doing it in a sustainable means,” Watkins says. “Demand is rising — and so are we.”
Commercial 5
Article content material
As Watkins appears to be like towards the yr forward, she says the native firm has “large plans” underway.
“Two-thousand-and-twenty-three was our largest yr but and it’ll solely develop from right here,” Watkins says. “We’re eyeing extra cities throughout Canada to unfold the luxurious resale magic. Our aim is to make high-end vogue accessible for everybody in-and-out of Canada.
“My enterprise mannequin revolves across the idea Bricks (retailer), Click on (web site) and Pop (pop-up shops), so stepping up our on-line sport and pop-up outlets can be one thing you possibly can sit up for seeing sooner or later from Mine & Yours.”
Associated Tales
Bookmark our web site and help our journalism: Don’t miss the information it is advisable know — add VancouverSun.com and TheProvince.com to your bookmarks and join our newsletters right here.
It’s also possible to help our journalism by turning into a digital subscriber: For simply $14 a month, you will get limitless, ad-lite entry to The Vancouver Solar, The Province, Nationwide Submit and 13 different Canadian information websites. Assist us by subscribing in the present day: The Vancouver Solar | The Province.
Article content material
Feedback
Postmedia is dedicated to sustaining a energetic however civil discussion board for dialogue and encourage all readers to share their views on our articles. Feedback could take as much as an hour for moderation earlier than showing on the positioning. We ask you to maintain your feedback related and respectful. We have now enabled e-mail notifications—you’ll now obtain an e-mail when you obtain a reply to your remark, there’s an replace to a remark thread you comply with or if a consumer you comply with feedback. Go to our Neighborhood Pointers for extra data and particulars on learn how to alter your e-mail settings.