Secondhand news and archive

Valentino expands vintage concept with new locations and educational partnership

Luxury label Valentino has announced the evolution of its Valentino Vintage concept, expanding the secondhand initiative on a global scale and bringing it into the educational sector. Initially launched in 2021 as a way to provide select vintage stores with preloved Valentino garments, the concept has now grown from four stores to seven, in...

Business

Fashion and sustainability January 2023

Sustainability continues to play a major role for the fashion industry in 2023. In the first month of the new year, efforts included resale, buyback programmes, clothing swaps and secondhand initiatives, which FashionUnited lists below. This article uncovers if upcycling could become a possibility for everyone. The European Fashion Alliance,...

Fashion

Why the Thriftcore trend is here to stay

Move over, ‘Cottagecore’, ‘Coastalgrandmother’ and ‘Barbiecore’ - there is a new trend currently making waves on social media and that’s ‘Thriftcore’. Not just since the pandemic, social media has been fuelling new fashion aesthetics and has worked towards democratising fashion. Thriftcore fashion or thrift store chic refers to consumers buying...

ManagementFeatured

Watch reseller Wristcheck raises 8 million US dollars

Hong Kong-based luxury watch consignment retailer Wristcheck has raised 8 million US dollars in a seeding round led by Gobi Partners GBA, which manages Alibaba’s Hong Kong Entrepreneurs Fund and AEF Greater Bay Area Fund, with participation from K3 Ventures. Since launching in 2020, Wristcheck reports that it has experienced 75 percent...

Fashion

Oxfam to stage charity show during London Fashion Week

Charity retailer Oxfam is set to host another edition of its second-hand fashion show during the upcoming London Fashion Week, set to take place from February 17 to 21. Entitled ‘Fashion Fighting Poverty 23’ and sponsored by Ebay, the event will see around 40 looks make their way down the catwalk, modelled by “personalities” in place of models....

Retail

Consignment platform Kidswear Collective opens pop-up in Bicester Village

Kidswear Collection has unveiled a new pop-up in Bicester Village, bringing its consignment services to the luxury shopping destination until January 3. The festive store, which spans 2,000 square feet, houses a curated edit of ‘mini me’ designer labels, alongside a range of children’s fashion brands, including Tartine et Chocolat, Il Gufo and...

Business |Interview Featured

Vestiaire Collective co-founder Sophie Hersan: Gen Z enters luxury consumerism with secondhand

The second hand market is booming and, especially with the current price increases, offers a cheaper and more cycle-oriented alternative for consumers. But it can also offer more than that, says Sophie Hersan, the co-founder of resale platform Vestiaire Collective. In the age of the internet, filled with fashion drops and the hype of...

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...

Fashion Featured

Telfar becomes one of the most valuable resale labels

Luxury resale platform Rebag has revealed that Telfar has become one of the most valuable labels in the resale market, and Chanel, Louis Vuitton and Hermes have reached “unicorn status” for leading the pack in terms of retention value. According to Rebag’s 2022 Clair Report, which investigates the value of luxury brands on the resale market,...

Business

Goat said to be gearing up for acquisition of resale site Grailed

Sneaker marketplace Goat Group Inc. is reportedly setting its sights on the acquisition of streetwear-resale site Grailed as it looks to expand further into the apparel industry. As part of the deal, Grailed, a peer-to-peer based site, will continue to work under its own brand, however it will integrate Goat’s operations infrastructure,...

Business

Resale tech company Open For Vintage raises 1.5 million euros to expand team

Open for Vintage, a luxury resale technology company, has raised a further 1.25 million euros in growth capital, adding to its 700,000 euro raise through a crowdfunding campaign launched in 2021. The Dublin and London-based firm said it would be using the additional funds to invest in a number of strategic hires for both its locations. It...

Retail

BRC publishes guideline on secondhand and pre-loved items

The British Retail Consortium (BRC) has published a new guideline dedicated to secondhand and pre-loved items in a bid to help the industry work towards a circular economy. The report has been developed with input from retailers, resale platforms, charity retailers and industry experts and outlines steps businesses can take to adhere to the...