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Open for Vintage launches The Loop handbag buyback programme

Dublin and London-based luxury re-sale technology platform Open for Vintage (OFV) is teaming up with Farfetch-owned resale platform Luxclusif to launch ‘The Loop’ handbag buyback service. ‘The Loop’ will be accessed directly on the OFV website and will allow customers to trade in their designer handbags in exchange for store credit that can be...

Nov 28, 2022

Fashion Featured

Resale platform Vestiaire Collective to stop selling fast fashion items

Second-hand fashion giant Vestiaire Collective has announced it will ban all fast fashion products from its platform from November 22 ahead of Black Friday. The Paris-based company said the move is part of its “mission to drive collective change towards a circular fashion economy”, and “reinforces the notion of buying quality over quantity and...

Nov 23, 2022

Business

Zalando discontinues resale platform Zircle

German fashion giant Zalando is putting an end to Zircle, its second-hand fashion platform. The retailer told FashionUnited that “after careful consideration” it has decided to discontinue the standalone Zircle app, and instead focus on the pre-owned category on the Zalando website and app. All 23 employees at Zircle have accepted alternative...

Nov 18, 2022

BusinessFeatured

Luxury as a currency: how the luxury resale market has evolved as an investment vehicle

Despite currently bleak economic prospects, the resale market is only on the rise, with a slew of recent reports finding that consumers are showing a tendency towards secondhand and pre-loved purchases in light of rising costs and tightened budgets. A similar attitude was adopted by that of The Business of Fashion (BoF), which partnered with...

Nov 17, 2022

Business

The Edit LDN launches premium pre-loved marketplace

The Edit LDN has begun its venture into the pre-loved sector through the launch of its own marketplace solely featuring secondhand luxury items. The culturally-centred fashion firm will allow shoppers that purchase on its main site to sell products back via ‘The Edit Pre-loved’ platform to receive a voucher for their next purchase. It builds on...

Nov 15, 2022

Business

Ebay says shoppers will favour pre-loved purchases over new on Black Friday

Ebay has teamed up with the Waste and Resources Action Programme (WRAP) on data predicting what products consumers would be steering towards for this Black Friday as they look to save money amid the cost-of-living crisis. New research by the duo suggested that UK shoppers could be looking to make pre-loved and refurbished purchases instead of...

Nov 15, 2022

Business

Aucnet opens overseas branches in Europe and the US

Tokyo-based online auction company Aucnet is expanding its pre-owned luxury goods business, Aucnet Consumer Products Inc (ACP), with two new international branches in Europe and the US this month. The move will allow Aucnet to expand its physical business into Europe and North America, explains the company in a statement, as it looks to secure...

Nov 15, 2022

RetailFeatured

Retailers are responding to rising prices with expanded recommerce offerings

New research by Barclaycard Payments has found that retailers have been introducing more “sustainable” ways to buy and sell products and services, as consumers become increasingly conscious over their spending. In its new report, the payment provider said that seven in 10 of the businesses surveyed were now offering recycling, renting, reusing...

Nov 11, 2022

Business

Sustainability round-up October 2022

Much was happening in October in terms of sustainable efforts in the textile and apparel industry -- from regenerative cotton farming for denim and more sustainable materials to circular approaches. A new report revailed that the resale market tripled in just two years and an international sustainable design project brought together different...

Nov 11, 2022

Fashion Featured

PrettyLittleThing launches first-ever vintage collection

PrettyLittleThing (PLT), part of the Boohoo Group, which launched its resale PLT Marketplace app over the summer, have unveiled its first-ever vintage collection with Love Island star and ambassador Indiyah Polack. The 108-piece vintage collection is available exclusively on the PLT Marketplace app and features pieces picked out by Indiyah that...

Nov 10, 2022

RetailFeatured

Consumers are favouring secondhand marketplaces amid cost-of-living crisis

A new report by Cardlytics has found that consumers are being driven towards discount brands and secondhand marketplaces as the cost-of-living crisis continues to take a toll on UK spending. According to the advertising platform’s State of Retail Spend report, over half of consumers are planning to shop at discount homeware and fashion brands...

Nov 8, 2022

Business

Childrenswear resale marketplace Dotte to launch app

Dotte, a British childrenswear resale marketplace, is set to unveil its first mobile app on November 14, as it looks to continue expanding its circular apparel offer. The launch comes as the retailer celebrates its second anniversary, has been dropped alongside a rejuvenated brand image and plans to introduce a slew of new features. The app...

Nov 3, 2022