Resale news and archive

Truss secures investment from FIGR Ventures

UK-based resale fashion tech start-up Truss, which is looking to revolutionise the fashion industry by powering resale with AI-enabled data infrastructure, has secured 300,000 pounds in investment from FIGR Ventures. In a statement, Truss said with the new 300,000-pound capital it has also secured critical match-funding to activate a 1.1 million...

Business|Report Featured

Shoppers to spend two billion pounds on secondhand gifts this Christmas

The secondhand market has already taken precedence over consumer priorities in recent years, and it seems that even into the festive season, the sector will continue to enjoy a favourable environment. In fact, according to new research by Vinted and Retail Economics, UK consumers are expected to spend over two billion pounds on secondhand gifts...

Fashion

StockX: Performance shoes on the rise, Asics and Puma continue to dominate

Online marketplace StockX has published its latest quarterly trend round up highlighting the movers and shakers of the 2024 resale market, from the top collaborations of the period to the most in demand sneaker silhouettes. In a release, the company’s founder, COO and president, Greg Schwartz, said the ‘Big Facts: 2024 Trends’ report gave an...

Business

Online wholesale platform Fleek raises 20.4 million dollars for expansion plans

Online platform for wholesale secondhand fashion Fleek has raised 20.4 million dollars in funding. This consists of a 14.8 million dollar Series A financing and a 5.6 million dollar seed round. The investment was backed by HV Capital, Andreessen Horowitz and Y Combinator, as well as investors such as Shopify chairman Harley Finkelstein and...

Retail|Opinion

The fashion collector: A buyer like any other?

With the rise of the secondhand market (six billion euro turnover in France in the ready-to-wear segment alone), a marked taste for the antique, the rare, and the unique has developed. In other words, vintage fashion has captured a wide audience that seems more drawn to the allure of collecting than to the dictates of trends. A growing number of...

People

Danielle Vermeer to join ThredUp as head of social commerce

Online resale platform ThredUp has appointed fashion tech executive, Danielle Vermeer, to the newly created role of head of social commerce, effective January 2025. The company said, Vermeer will spearhead ThredUp's efforts to make resale more engaging and accessible to a wider audience through innovative shopping experiences. Commenting on the...

Background

The future of fashion: is less more?

A confession. My original research question was, “What if the fashion industry simply made less clothes?” (Over)production, reducing speed and seasons could be the answer to almost everything?!, was my thought process. As in: for sustainability in the clothing sector and more broadly: in the pursuit of a circular economy (see text frame below)....

Business

‘A circular economy for the textile industry offers opportunities, but also needs action’

A recent report looks at the chances and challenges of a circular textile industry in the Netherlands, thus providing interesting input for other countries as well. The report titled ‘Towards a Dutch Circular Textile Industry’ was published by Invest-NL, an investment company that finances sustainable and innovative projects. While a circular...

Retail

Perfect Moment expands US resale program overseas to the UK, France, Italy and Germany

High-performance, luxury ski wear and outerwear brand Perfect Moment has rolled out its US resale progam overseas to the UK, Italy, Germany and France. Named Perfect Second Moment, the resale program is designed to extend the lifecycle of the brand’s products while promoting the concept of a circular economy. “This global expansion represents...

BusinessFeatured

Vestiaire Collective announces AI advancements and tech appointments

Resale fashion platform Vestiaire Collective is continuing to invest in Artificial intelligence (AI) driven technologies with a new AI-powered search engine, alongside the arrival of two tech veterans to further develop and implement its tech strategy globally. Stacia Carr joins Vestiaire Collective as the company’s new chief technology and...

Fashion Featured

Runway to resale: Fashion week trends that drive demand in the secondhand market

With Fashion Month concluding on October 1st in Paris, focusing on Spring/Summer 2025, it has sparked an immediate buying frenzy in the secondhand market. Fashion Weeks are now more influential than ever, particularly on resale platforms, where fashion enthusiasts rush to find pieces that echo what they’ve admired on the runway. From high-demand...

Fashion

Béis launches resale platform with Trove

Béis, the luggage brand founded by actress Shay Mitchell, is teaming up with resale tech company Trove to offer a new resale platform to offer pre-loved Béis products. ‘Second Béis’ will let consumers buy gently used best-selling Béis products, including weekenders, rollers, backpacks, and commuter totes/duffles. Adeela Hussain Johnson, chief...