Second-hand
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
Vinted considers a secondary share sale
The Vilnius-based online marketplace for second-hand clothes is mulling a secondary share sale worth more than 200 million euros, with the aim of being at the forefront of the sustainable fashion boom
Dr Martens to launch a pilot shoe repair service in the UK
The iconic British footwear brand has plans to launch a shoe repair service in the UK next month, with a view to later expanding the service to continental Europe
Zara expands its pre-owned platform to France
After a successful rollout in the UK in October 2022, the fashion chain owned by the Spanish-based Inditex group has expanded its second-hand platform in France
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
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
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
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
UK retail sales picked up in October
According to the UK’s Office for National Statistics (ONS), October retail sales volumes increased for the first time in six months in October 2021, most likely due to early Christmas shopping
Vestiaire Collective: financing round backed by Kering and Tiger Global Management
The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management- 1
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