Second hand fashion news and archive

Yoox Net-a-Porter expands resale to additional markets

Net-a-Porter, Mr Porter and The Outnet have confirmed that they are expanding their resale offering to additional markets, as part of its continued collaboration with start-up Reflaunt to “reduce waste by keeping luxury fashion in circulation for longer”. In a statement, Yoox Net-a-Porter said that customers in Italy and France will be able to...

19 Oct 2022

Business

Depop swings to FY operating loss

British resale platform Depop swung to a loss last year as the strong demand it saw during the pandemic began to wane. In the 12 months to December, the company made an operating loss of 84.5 million pounds compared to a profit of 0.4 million pounds a year earlier. That came as revenue increased slightly by 2 percent to 50.1 million pounds. The...

11 Oct 2022

Business

Mytheresa and Vestiaire Collective expand resale partnership to US

A second-hand fashion service by luxury e-tailer Mytheresa and resale platform Vestiaire Collective has been expanded to the US market following its initial launch in Europe last year. The tie-up allows Mytheresa customers to use a dedicated web interface to sell their second-hand items, the process of which is run by Vestiaire Collective....

27 Jul 2022

Retail

Sainsbury’s rolls out charitable second-hand fashion initiative to all UK stores

UK supermarket chain Sainsbury’s is expanding a charitable second-hand fashion programme to all of its UK stores following a successful trial. The initiative sees Sainsbury’s donate any clothing products from its fashion brand Tu Clothing that are not fit for resale in store to Newlife, a UK charity that recycles, reprocesses, and reuses...

23 Jun 2022

BusinessFeatured

Report: Resale market to more than double by 2026, US to lead the charge

The global fashion resale market is expected to grow 127 percent by 2026, three times faster than the broader retail clothing sector, according to a new report. That growth will be fueled by the US, where the second-hand market is expected to more than double to 82 billion dollars by 2026 - 16 times faster than the broader retail fashion market....

18 May 2022

Business

Resale tech company Recurate raises 14 million dollars in funding

Recurate, a branded resale technology company, has raised 14 million dollars in funding to accelerate growth and expand its services. The funding round was led by Jump Capital, with participation from Gradient Ventures, XRC Labs, Victress Capital, Revolution's Rise of the Rest Fund, and AngelList Early-Stage Quant Fund. It brings Recurate's...

17 May 2022

Fashion

Soorty and Left Hand Twill collaborate on responsible, digital denim collection

Pakistan denim company Soorty has partnered with the founder of Left Hand Twill to launch a responsibly designed denim collection inspired by vintage styles. Left Hand Twill, a vintage buying and selling company, was launched by Soloman Russell as a denim-centred retailer that offers an alternative to buying new clothing, with the hope of...

15 Mar 2022

Business

Fashion rental platform Hurr steps into resale

Fashion rental platform Hurr has announced it is branching out to offer a resale service just a month after securing 5.4 million dollars in funding to fuel its expansion. London-based Hurr, which until now has operated as a marketplace for users to lease and rent fashion items, announced on Instagram it will now allow shoppers to buy and sell...

31 Jan 2022

Business

Prada mulls entry into resale market

Italian luxury brand Prada is considering an entry into the burgeoning resale scene, its marketing director and future CEO has said. “Second hand is a strategy we have been investigating for more than a year,” Lorenzo Bertelli told Reuters. “I cannot disclose too much but for sure second hand is there. We will take it as an opportunity. “It can...

2 Dec 2021

Business

Mytheresa x Vestiaire Collective resale tie-up expanded to apparel and shoes

A second-hand handbag service launched earlier this year by luxury fashion e-tailer Mytheresa and resale platform Vestiaire Collective has been expanded to include ready-to-wear and shoes. First announced in June, the tie-up allows Mytheresa customers to use a dedicated web interface to sell their second-hand handbags - the process of which is...

11 Oct 2021

Retail

Madewell and ThredUp open temporary second-hand store in Brooklyn

Denim brand Madewell and resale platform ThredUp have opened a temporary store in Williamsburg, Brooklyn exclusively for second-hand fashion. As well as offering pre-loved clothing, the store aims to educate consumers on the impact of circular fashion, and also features an in-store mending station for damaged clothing. QR codes offer shoppers a...

27 Sept 2021

BusinessFeatured

Vestiaire Collective valued at 1.7 billion dollars as it secures fresh funding

Second-hand fashion platform Vestiaire Collective has secured 210 million dollars in fresh funding as it continues to establish itself as one of the major players in the red-hot resale market. The latest funding - which included participation from two new investors, SoftBank Group Corp and Generation Investment Management - raises the valuation...

22 Sept 2021