Resale
Circularity is an opportunity for luxury
Along with the continuing digital revolution of the metaverse and Web3, the transition towards a circular economic model is an unparalleled opportunity for luxury goods companies, says Deloitte
Tapestry announces first quarter results
The owner of Coach, Kate Spade and Stuart Weitzman posted net sales growth of 2% in the first quarter of fiscal 2023, year-over-year, lowering its previous guidance for the full year
US low-income shoppers to spend more this holiday season
Low-income shoppers are planning to spend 25% more year-over-year, while the high-income group is pulling back. Overall, holiday spending is expected to be flat year-over-year
Zara to launch Pre-Owned pilot project in the UK
This service, which will be launched on the 3rd of November, intends to help customers repair, resell or recycle their clothing. Zara's goal in the long term is to reduce its environmental impact
Decathlon changes name to 'Nolhtaced' in three Belgian cities
The sporting goods retailer has changed its name to Nohltaced (Decathlon written backwards) in Evere, Namur and Ghent, for one month, as part of its campaign to promote reverse selling
GOAT Group acquires resale platform Grailed
The marketplace group has acquired Grailed, the resale platform for men's luxury, streetwear, and vintage fashion. This move will enable GOAT to accelerate its apparel and accessories categories' growth
Secondhand market tripled in size since 2020
The estimated value of the apparel, footwear, and accessories resale market is now between 100 and 120 billion USD worldwide, more than three times the size it had two years ago
Dr. Martens launches trial resale scheme
The British footwear brand announced that it will partner up with Depop, a European online second-hand marketplace, in a trial programme to sell repaired and refurbished shoes
Vivobarefoot partners with kids wear rental service Bundlee
The sustainable footwear brand established an exclusive partnership with Bundlee, a UK based-rental platform for children’s clothing, which is for the first time expanding into footwear
Timberland launches first full circular shoe
In addition to unveiling the first footwear model, Timberloop Trekker City Hiker, designed for full circularity, the brand is expanding its product take-back programme into some European markets
Allbirds launches new resale platform
The ReRun resale platform, launched in partnership with Trove, a provider of recommerce services, is part of the Californian-based company’s holistic commitment to sustainability
Farfetch buys luxury release platform Luxclusif
The luxury e-commerce platform has announced the acquisition of the resale platform Luxclusif. The deal includes Luxclusif’s technology and its team, which will join Farfetch's group
Crocs and thredUP partner up
The US-based brand, known for its clogs, has teamed up with the second-hand platform to launch the Clean Out programme. The initiative aims at giving items a second life
Nike is the most resold fashion brand in the world
According to a new study conducted by Energy switching site SaveOnEnergy, Nike leads the rank of world’s most resold fashion brands. The site surveyed millions of listings across online resale platforms like eBay, Depop, ASOS Marketplace, Etsy and Vestiaire Collective
Mytheresa joins Vestiaire Collective to offer resale service
Luxury e-commerce platform Mytheresa announced a partnership global app Vestiaire Collective. The partnership aims to drive the fashion industry’s shift towards more sustainable practices by introducing a resale service dedicated to Mytheresa’s high-end luxury customers- 1
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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