Secondhand news and archive

PwC research: Secondhand is a conscious choice, clothing leads luxury purchases

Secondhand fashion is no longer a niche but a conscious choice, increasingly integrated into the purchasing behaviour of younger generations. 40 percent of Gen Z and 28 percent of Millennials have already purchased second-hand products on Vinted, while 41 percent and 27 percent, respectively, have also sold them. In contrast, 53 percent of Baby...

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Business

G-Star rolls out secondhand programme Rewear to Belgium, Germany and France

Denim label G-Star is expanding its online secondhand platform, Rewear, to Belgium, Germany and France. Through the platform, customers can buy and sell secondhand G-Star clothing. The service is part of the brand's Repair–Rewear–Recycle strategy, which aims to make clothing last longer or give it a second life. “Our designs are made to last, so...

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Business

Vestiaire Collective report: Second-hand market grows three times faster than new goods

According to a new study by the resale platform Vestiaire Collective and the Boston Consulting Group (BCG), second-hand fashion and vintage luxury products are projected to reach a market volume of up to 360 billion dollars by 2030, compared to the current 210 to 220 billion dollars. This represents an annual growth of 10 percent, a rate three...

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Business

Between attraction and speculation: The real return on It-bags on the secondhand market

Pre-owned luxury handbags now represent a potentially profitable asset for consumers. But which models are the safest for investment? In a recent report, vintage fashion platform Vestiaire Collective revealed the current resale prices of iconic luxury handbags and compared them to their original retail prices. • Chanel Timeless/Classic Bag:...

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Podcast

Podcast: CEO of Thrilling, Shilla Kim-Parker on the digitization of secondhand

In this episode, Conscious Chatter discusses the digitization of secondhand with the CEO of online vintage marketplace Thrilling, Shilla Kim-Parker. "We put a lot of thought into - how do we present vintage and secondhand, because I don't want secondhand to be thought of as a lesser, marginalized shopping experience. The goal is to get everyone...

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Fashion

Rebag debuts image-recognition technology for luxury resale

Rebag has unveiled a new extension of its proprietary pricing tool, Clair AI. The new software utilizes image recognition technology to instantly determine the resale value of luxury handbags. Clair AI is powered by machine-learning and backed by six years of data and millions of image references collected by Rebag. The tool can currently...

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Fashion

UK’s secondhand market skyrockets in 2020

The equivalent weight of 900 double-decker buses has been saved from landfill, thanks to purchases of pre-loved items this year, according to data from eBay, as sales of secondhand fashion soared during lockdown. The data reveals that two secondhand fashion items were sold every three-seconds between January and July this year on eBay, as...

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Business

The second hand clothing market is thriving

StitchFix, ThredUp, Rent-the-Runway, The RealReal and Vestiaire Collective are just some of the leaders defining the new frontier of shopping for clothes, from fashion subscription services to the re-sale revolution, to peer-to-peer marketplaces, that is changing how we consume fashion. As the global need for sustainability challenges the...