Resale
ThredUp divests its European business
The US-based online platform has sold European business Remix in a management buyout, enabling both companies to prioritise market strengths and drive targeted growth under separate leadership
Quality is a big draw for second-hand buyers
More than half of consumers surveyed for the 2024 OfferUp Recommerce Report believe that used apparel items are generally of better quality than new items sold in stores today
The rise of the second-hand fashion market
The global second-hand fashion market is expected to reach 350 billion USD by 2028, according to ThredUP's latest resale report. Value-conscious consumers, a greater concern for the environment and a desire for uniqueness seem to be driving this “revolution”, with new generations leading the way
Dr. Martens boots its sustainability efforts
The British footwear brand has announced a partnership with The Boot Repair Company to create a brand-new repair service. It has also launched a recycled leather collection and resale platform
Sneaker resale marketplace Laced expands to Europe
The UK-based resale sneaker platform is expanding into European markets by starting to roll out dedicated language websites and introducing a series of currencies
Journeys launches resale programme
The footwear retailer, owned by Genesco, has teamed up with the online resale platform thredUP to launch the ‘Journeys Second-Hand’ initiative, aimed at a more environmentally-conscious generation
Brooks Running enters the resale market
The Seattle-based company has announced the launch of the resale programme ReStart, which will enable the refurbishment and reselling of used Brooks footwear in the US
Resale platform WeTheNew raises 20 million US dollars
The French-based platform specializing in sneakers and streetwear has closed a 20 million euros round of series B funding. This funding will be used to expand the platform's presence abroad
Sam Edelman launches resale programme
The Caleres-owned footwear brand has unveiled a new resale programme for its products. Called ReLove, this peer-to-peer platform was created in partnership with the tech and sustainability platform Archive
Gucci launches new deadstock and resale programmes
The luxury House has launched the initiatives Gucci Preloved with Vestiaire Collective and Gucci Continuum, featuring redesigned deadstock materials, as part of its ongoing circularity efforts
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-
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