Resale news and archive

Rebag launches new membership programme to grow sales

Luxury resale retailer Rebag has launched a membership programme aimed at increasing customer purchasing power by 27 percent. The Rebag+ programme aims to offer an industry-first approach to resale, allowing customers to fund now, buy later, by converting 100 percent of membership contributions to R+ Credit usable for future purchases. To join...

Retail

TikTok Shop launches new 'Preowned Luxury' category in the UK

TikTok Shop, the social commerce marketplace from the social media platform, has expanded its ‘Preowned Luxury’ category to the UK market. Announced on April 22, Earth Day, the development sees TikTok expand its luxury category to consumers across the pond, as it goes head to head with luxury secondhand marketplaces such as The RealReal,...

Business

Ebay scraps seller fees for clothing in the UK

Resale marketplace Ebay has announced that it is scrapping fees for individual sellers of pre-owned clothing in a bid to encourage more circular shopping across the UK. The feature, which excludes the sale of sneakers, watches, handbags and jewellery, will be applied to all clothing items currently listed, including ones available prior to the...

BusinessFeatured

Sustainability in fashion: highlights from January to March 2024

In the first quarter of 2024, much happened again in terms of sustainability efforts in the textile and apparel sector and related industries. For example, there was a lot to read - you should not miss the important reports mentioned below, changes in legislation, interviews conducted by FashionUnited with industry pioneers, as well as...

Fashion |Report Featured

Global resale market to reach 350 billion dollars by 2028

ThredUp, a prominent player in the resale industry, has released its 12th annual Resale Report, shedding light on the robust expansion and evolving trends within the secondhand fashion market. The report underscores the burgeoning significance of resale in the retail landscape and suggests that governmental intervention could expedite the shift...

Business

Depop removes selling fees in UK

Resale marketplace Depop has announced some changes to its payment structure, including the removal of its 10 percent selling fee for users in the UK. Having immediately been applied to new listings, the move hopes to aid sellers and comes as part of Depop’s efforts to further open up access to the circular economy. Alongside this, the platform...

Business

Fashonphile secures assets of pre-owned luxury distributor

Resale platform Fashionphile has said it has purchased the assets of Montreal-based Two Authenticators Inc. (2a), a wholesale distributor of authenticated, pre-owned luxury goods. As part of the deal, co-founder and CEO of 2a, Fred Mannella, will join Fashionphile as senior vice president of wholesale, and will report to the platform’s own...

BusinessFeatured

At ThredUp, losses narrow and revenue increases amid ‘record orders’

Resale platform ThredUp has posted strong financials for the fourth quarter of 2023, with revenue rising by 14 percent year-over-year to 81.4 million dollars. The company further reported that its gross profit came to 50.4 million dollars YoY, up 12 percent, while its gross margin dropped from 61.9 percent to 63.1 percent in the same period,...

Business

Vinted acquires Danish marketplace Trendsales

Second-hand marketplace Vinted has announced the acquisition of Trendsales, a Danish marketplace through which it looks to solidify its presence in the Nordic region. The move comes shortly after Vinted made debuts in Sweden, Finland and Denmark, where it launched in September 2023 as part of its continued expansion plan. Here, Trendsales has...

Business

Chanel's trademark case brings into question future of luxury re-sale

Chanel has emerged victorious in a lawsuit against luxury re-seller What Goes Around Comes Around (WGACA). The resolution follows six years since Chanel initiated the trademark case in a New York court back in 2018. The dispute revolved around WGACA's use of a hashtag combining both company names to promote its Chanel items, which Chanel argued...

Business

New Balance launches resale programme through website

Footwear specialist New Balance has unveiled a new resale programme through which customers can now view and purchase pre-owned goods by the brand online. Dubbed ‘Reconsidered’, the programme further allows customers to trade in their “gently worn” New Balance shoes via mail or in-store drop-offs to receive a voucher to use towards their next...

Business

BrandAlley snaps up majority stake in The Edit LDN

Off-price e-tailer BrandAlley has acquired a majority stake in The Edit LDN as the sneaker resale platform descends into what its founder has dubbed “phase 2.0”. The move, initially reported on by WWD and later confirmed by The Edit LDN’s Moses Rashid, will see the sneaker platform undergo a formal restructuring while operating under BrandAlley’...