Second hand fashion news and archive

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

Retail |Interview Featured

Spotlight on independent retailers: Waceland

The face of Newcastle’s shopping streets has changed over the years, as a new generation of shoppers enter the scene with new demands and a fresh set of values. Georgia and Jordan Stanley responded to the increase of interest in sustainable fashion, with their own take on the movement; a handpicked vintage and streetwear store, Waceland. Their...

13 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

Retail

Harvey Nichols launches kidswear resale initiative

After launching a childrenswear department at the beginning of the summer, luxury department store Harvey Nichols is now offering a resale drop-off point for pre-loved kids’ clothing. The British retailer has linked up with second-hand childrenswear marketplace Kids o’Clock for the new service, which will see Harvey Nichols customers receive...

13 Sept 2021

Business

Trove, the resale provider for Levi’s, Lululemon, Patagonia, raises 77.5 million dollars

Re-commerce company Trove, whose technology powers the resale services of brands like Lululemon, Patagonia, Nordstrom, Levi’s and Eileen Fisher, has secured 77.5 million dollars in Series D funding. The round was led by G2 Venture Partners, with other participants including Bank of Montreal, Capital One Ventures, Commerce Ventures and Wellington...

26 Aug 2021