HK's used handbags find second home

http://www.scmp.com/video/

"Owning a prestigious handbag is many girls dream, whether they are rich or not so rich; we make their dream come true at a lower cost," says Byron Yiu, owner of Milan Station.

Milan Station is the city's largest chain store selling used handbags from some of the largest fashion houses. A virtually new Monogram Canvas Trouville will cost about half as much as buying it from the Louis Vuitton store.

In this video, reporter Denise Tsang discusses the business of second-hand handbags with Yiu and how big savings and razor-thin margins are all part of how business is conducted in Hong Kong's retail industry.

Category:

News & Politics

Tags:

• scmp
• hong
• kong
• handbags
• second
• hand
• used
• Milan
• Station
• louis
• vuitton
• hermes
• gucci
• discount
• luxury
• brand
• branded
• bags
• bag

[theoneperfection1]

pls can u email me your new bag i want to buy how to buy

[mucker3000]

From July 2011 their stock plummeted to $1 a share, and only a dozen people play everyday. All that the stockholder is doing is selling all day, it's a dying business they have no personal brand to sell to the consumer, just ripping off customers is their business. Pathetic.

[mucker3000]

Yes. I'm really gonna buy a used handbag in a double dip recession lmfao!

[msjifyournasty]

Great Job, Used is the way to go. Let the suckers pay full price

[page3fashion]

nice

[xPho3b3x]

She pronounced Hermes wrong...her pronunciation is weird as well

[azuremain]

True, text seemed okay, but her pronounciation was strange, would expect better from the renowned SCMP.

[TobyLittleDude]

It would be nice if they could find a narrator that actually speaks decent English!

I'm also surprised that people in HK would buy used bags.... I know I wouldn't.