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Resale news and archive

Is brand owned resale the future of retail?

The resale market is booming. Sites like The RealReal, Grailed, and Vestiaire Collective are seeing consistent growth. Last month, FashionUnited reported the resale market could more than double by 2026. In January, Forbes even declared resale the "star of retail" in 2022. The resale economy has a 25 to 30 billion valuation, and McKinsey and...

30 Jun 2022

Business

French resale platform Patatam rebrands to Rediv following investment

French second-hand clothes platform Patatam has rebranded to Rediv after securing 12 million euros in funding. The investment will be used to accelerate the robotisation of Rediv’s logistic platforms and to expand globally with the launch of its first trials in the US and in Germany, Rediv said in a statement. In 2021, the company collected 2.5...

27 Jun 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

Business

Sustainability round-up May 2022

Just as spring brought a renewal in the natural world, sustainable initiatives also enlivened the fashion industry, which were numerous and varied this month. Changes need to be achieved, for example, through next generation and pioneering materials, and the constantly expanding resale market, which will more than double by 2026. Innovation The...

15 Jun 2022

Fashion

Gap partners with Denim Library on pre-loved jean collection for Platinum Jubilee

Gap has revealed that it has partnered with the denim resale platform, Denim Library, on a collection of pre-loved denim. Launching in time for the Jubilee Bank Holiday weekend, the line will include archive Gap denim and iconic pieces from the brand, including one-of-a-kind items and rare collectibles. The collection, consisting of 100 vintage...

31 May 2022

Business

Dr Martens prepares to enter resale market with Depop

Dr Martens has revealed plans to enter the repair and resale market through a new collaboration with online second-hand marketplace Depop. The duo will be working on the heritage brand’s ReSouled scheme, in which used Dr Martens can be repolished, given new laces, soles, heel loops and insoles before they are put back onto the market at around...

30 May 2022

Business

Cost-of-living crisis causing surge in second-hand shopping, according to Ebay

A new report by Ebay Ads UK has found that the ongoing cost-of-living crisis has been driving significant changes in consumer behaviour, causing a shift towards circular shopping habits like the purchasing of second-hand goods. The region’s rising cost of living has seen energy bills, fuel and food prices climb, which Ebay said is causing UK...

30 May 2022

Business |In Pictures Featured

Vestiaire Collective opens new Paris headquarters

Luxury resale platform Vestiaire Collective has opened its new headquarters in Paris featuring an innovative, eco-designed space that puts employee wellbeing at the forefront and offers a new flex-office approach to a hybrid model between the office and remote working. The B Corp certified company has transformed a historical Parisian building...

23 May 2022

Business

Miss Pap and Little Mistress join Hirestreet rental platform

Womenswear brands Miss Pap and Little Mistress have been announced as the latest retailers to join UK rental platform, Hirestreet. Customers will now be able to rent from the brand’s new season collections, including Miss Pap’s premium styles and sold-out looks from Little Mistress. For its first-ever rental offer, Miss Pap will be offering...

19 May 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

Business

The North Face to enhance circular clothing programme with new partnerships

Outerwear specialist The North Face is set to further enhance its resale programme through a new partnership with Archive, a resale tech company, and the further integration of cleaning technology by Tersus Solutions. The North Face Renewed, the brand’s resale platform which launched back in 2018, will utilise Tersus’ waterless cleaning...

12 May 2022