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Secondhand clothing sales are booming – and may help solve the sustainability crisis in the fashion industry

A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years – from 28 billion dollars in 2019 to 80 billion dollars in 2029 – in a U.S. market currently worth 379 billion dollars. In 2019, secondhand clothing...

18 Nov 2020

Business

Cudoni secures multi-million-pound investment

Luxury fashion resale brand Cudoni has secured a further round of investment to the total of 4.6 million pounds, which it states will support plans for international expansion. The multi-million-pound investment comes from the backing of key investors with the Daily Mail Group Ventures leading the investment round to raise funds from Andrew...

17 Nov 2020

Business

36 Sustainability efforts of the fashion industry in October 2020

In October, the fashion industry’s efforts in the areas of sustainability, resale and circularity seemed to have switched to a higher gear. Cooperations especially came through, be it to introduce innovative new materials, provide second hand clothes or ecological innovations. Brands and retailers are still going strong when it comes to becoming...

5 Nov 2020

Business

32 Sustainability efforts of the fashion industry in September 2020

In September, the fashion industry’s efforts in the areas of sustainability, resale and recycling continued. Brands and retailers have accepted the challenge to produce greener, more sustainable and resourceful products, campaigns and ways of operating. As far as cooperations are concerned, industry leaders and brands remain interested and join...

16 Oct 2020

Fashion

ThredUp rebrands itself with a new look

ThredUp has gotten a makeover. The popular secondhand retail site launched a new rebrand to better connect with a new generation of thrifters who are proud to wear used clothing. Creative agency Red Antler was selected to lead the rebranding effort. The resale retailer describes its new identity as "a creative direction inspired by thrifter...

8 Oct 2020

Retail

Levi’s opens circular-focused concept store in Soho London

US denim label Levi’s has opened a new concept store in Soho London with a focus on sustainability and circularity. The brand said the two-floor store will act as a “new blueprint for an in-store consumer experience”, and features a made-to-measure Lot No.1 bespoke denim service; Levi’s Vintage Clothing, a premium line creating new...

7 Oct 2020

Fashion

Menswear consumer joins the shift to thrift, says eBay

Men bought vintage during lockdown like never before according to new data released by eBay. 10 pre-loved male clothing items sold every minute, prompting the online reseller to keep up with demand by launching Men’s Vintage Hub, a one-stop shop to provide for all the needs for this emerging consumer. He might not be ready to trawl estate sales,...

6 Oct 2020

Fashion

Rent The Runway and ThredUp team to give clothing new life

ThredUp has taken its goal of building a circular fashion economy to the next level, with a new partnership to sell pre-rented clothing. The secondhand retailer and Rent The Runway have announced a new partnership that will entail ThredUp selling retired items from the rental closet. Called "Revive by Rent The Runway," the collaboration will...

30 Sep 2020

Retail

Zalando enters resale market with launch of Pre-owned category

Zalando has announced the launch of a new resale category allowing its customers in Germany and Spain to buy and trade pre-owned clothing directly on the platform. The new Pre-owned offer, which was first announced back in February, looks to tap into the fast-growing resale market and allows customers to sell fashion items in exchange for...

21 Sep 2020

Retail

Is sustainability the real driver of H&M's new re-sale platform at Cos?

It is in the interest of all businesses that produce products to sell as much of that product as possible. This is the bottom line. H&M Group’s announcement that its brandCos will launch a re-sale platform called Resell- where customers can buy and sell pre-owned Cos items - is being positioned as a sustainable and renewable retail solution,...

4 Sep 2020

Retail

H&M Group brings second-hand platform Sellpy to Germany

H&M Group has announced the launch of its second-hand fashion platform Sellpy in Germany. The group first invested in the Swedish re-commerce platform in 2015 through its investment arm CO:LAB, beforebecoming its majority owner last yearwhen it increased its overall stake to approximately 70 percent. “We see that the awareness and demand from...

30 Jun 2020

Retail

ThredUp: Resale market forecasted to reach 64 billion dollars in the next 5 years

The spread of the coronavirus has presented the vast majority of the fashion industry with uncertainty, as retailers had to close shop, fashion events were cancelled or postponed and consumer shopping behaviors changed. But, the resale market acted as a bright spot in this otherwise bleak reality: according to ThredUp’s annual Resale Report,...

24 Jun 2020