Fashion News

Pre-loved fashion market set to double in global sales to €317bn by 2027

There was a 28 per cent increase in the global sale of pre-loved fashion last year, according to a new report from US thrift marketplace thredUP

Fashion brands now view resale in particular as increasingly crucial for their sustainability agenda

A growing number of people are buying used clothing, shoes and accessories, propelling the secondhand industry to $177 billion (€160 billion) in global sales last year, according to a new report from online thrift marketplace thredUP.

This marks a 28 per cent increase over 2021, and thanks to surging inflation, more retailers are developing curated secondhand or “resale” offerings, while an increase in awareness around sustainable shopping habits are also informing their decisions.

Additional growth ...