Second Hand news and archive

The Gucci paradox: While new sales collapse, second-hand sales explode

Despite a sharp 23 percent drop in retail sales in 2024, Gucci remains a standout in the resale market—particularly on Vestiaire Collective. The resale platform highlighted this surprising dynamic in its newly released Vestiaire Value Ranking, which identifies the brands offering the best resale value. By analyzing the accessibility,...

BusinessMember

Faume raises 8 million euro to accelerate its development in Europe

Faume, a company specializing in second-hand goods, announced on Thursday an 8 million euro (8.8 million dollars) funding round to accelerate its development in Europe. The operation was carried out with the participation of Amundi Private Equity Transition, Daphni, and Bpifrance (via Digital Venture). After multiple partnerships with French...

Fashion

Vinted launches curated secondhand selection with influencer pieces

After its first-ever second-hand luxury fashion showcase in London, Vinted is now taking 'House of Vinted' online. The new digital ‘House of Vinted’ will allow members of the platform to purchase designer items, with many key pieces coming directly from the personal wardrobes of content creators, Vinted announced on Tuesday. Participating...

Fashion

Vinted hosts debut pre-loved fashion showcase in London

Second-hand fashion marketplace Vinted is set to host its first-ever second-hand luxury fashion showcase in London, UK. Launched under the name 'House of Vinted,' the pop-up event will be held at the Adira on March 22. It will showcase some of the more luxurious items available on Vinted. Divided into separate themed rooms, each room will...

BusinessFeatured

IFM Paris: The trends that will shape fashion in 2025

At the crossroads of controlled inflation and the meteoric rise of ultra-fast fashion, is the fashion industry reexamining its very foundations? On the surface, fashion prices have risen modestly—just 10% over the past 30 years, significantly lower than overall inflation (+49% over the same period). However, this apparent stability conceals...

Business|Report FeaturedMember

Shoppers to spend two billion pounds on secondhand gifts this Christmas

The secondhand market has already taken precedence over consumer priorities in recent years, and it seems that even into the festive season, the sector will continue to enjoy a favourable environment. In fact, according to new research by Vinted and Retail Economics, UK consumers are expected to spend over two billion pounds on secondhand gifts...

BusinessMember

Online wholesale platform Fleek raises 20.4 million dollars for expansion plans

Online platform for wholesale secondhand fashion Fleek has raised 20.4 million dollars in funding. This consists of a 14.8 million dollar Series A financing and a 5.6 million dollar seed round. The investment was backed by HV Capital, Andreessen Horowitz and Y Combinator, as well as investors such as Shopify chairman Harley Finkelstein and...

Background

The future of fashion: is less more?

A confession. My original research question was, “What if the fashion industry simply made less clothes?” (Over)production, reducing speed and seasons could be the answer to almost everything?!, was my thought process. As in: for sustainability in the clothing sector and more broadly: in the pursuit of a circular economy (see text frame below)....

Fashion

India's green fashion lovers switch to secondhand

India's enormous garment sector churns out billions of dollars' worth of new clothes each year, but some local fashion lovers are switching to secondhand to assuage worries about the industry's environmental impact. It is a tiny drop in a massive ocean, but hipster shoppers in the capital New Delhi say their example is slowly shifting the...

BusinessMember

Everything that has shaken up the second-hand sector in recent months

In recent months, the second-hand market has continued its meteoric growth. The main players and startups in the sector are adapting to this dynamic to meet a growing demand, driven by large-scale initiatives and changes in consumer habits. A booming market The second-hand sector is becoming a real economic driver, with market forecasts reaching...

Business|REPORT FeaturedMember

Seven billion euros for European GDP: Second-hand sector calls for legislative support to maximise impact

The second-hand fashion industry has emerged as a key player in the global circular economy, making a significant contribution to Gross Domestic Product (GDP) in Europe and Africa and generating thousands of jobs, particularly for women. This was revealed in a report by Oxford Economics, commissioned by Humana People to People and Sympany+,...

Fashion

Going green? British fashion struggles with sustainability

London — In an industrial underground space in central London, models in contrasting period dresses and playful streetwear strutted down a brightly lit London Fashion Week (LFW) runway. But unlike most other shows, all the floral dresses, trending workwear, and double-denim outfits were second-hand at the event by charity Oxfam and online used...