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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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Retail

Asos Marketplace reports lockdown growth

Asos Marketplace, the platform where customers can shop the best new and vintage fashion from independent boutiques around the world, has reported “strong sales” as well as brand and traffic growth in April and May as consumers turn to online vintage fashion. In April, Asos Marketplace added 80 new independent boutiques after lockdown measures...

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