Belgian consumers buy a third of their clothes online, and the number of second-hand shoppers has quadrupled in two years. Since the pandemic, these trends have changed the fashion market permanently. This is what the budget management app Cake concluded. But who is the biggest fashion retailer?
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The rising stars of retail are not the retailers at all. According to McKinsey, consumer-to-consumer marketplaces, such as platforms for classified ads or apps for second-hand items, are expected to grow 35 per cent annually between now and 2025.
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Gucci has launched Vault, an online concept store offering vintage archive pieces of the brand as well as contemporary designers. The webshop manifests itself as a digital magazine.
Marketplaces experienced growth of up to 37.5 per cent in Europe as a result of the Covid pandemic. This is shown in the second edition of the "Top 100 Cross-Border Marketplaces Europe". Notable risers are OLX, Uber Eats and Zalando.
Aldi is going to sell refurbished iPhones in its Belgian stores from this weekend on. This follows a similar initiative in the United Kingdom last year.
Urban Outfitters has had a busy day: the announcement of record-breaking sales was followed by that of a new second-hand platform... and its withdrawal from China.
Amazon is to expand the possibilities its sales partners in some countries have to get rid of returns and unsold stock. This is how the e-commerce giant wants to meet the ongoing criticism of the large-scale destruction of returned goods.
What is the most sustainable way to handle clothing? A new study lists the five available options, from simply buying and throwing away to second hand sales, and arrives at some surprising conclusions. Is it better to throw away used clothes than renting or leasing them?
Online marketplace Etsy, which specialises in vintage and homemade stuff, is taking over second-hand fashion platform Depop. With this deal, the creative marketplace hopes to reach a younger audience.
Swedish fashion giant H&M has expanded its second-hand platform Sellpy to no fewer than twenty new markets - including Belgium. It is a huge leap forward from the four markets that Sellby sold to until now.
In line with the current times, favouring second-hand shops and platform business models, a Belgian entrepreneur has decided to bring Danish "kids' flea market chain" Børneloppen to her own country.
Vinted, an online platform for second-hand clothing, raised 250 million euros to support its further expansion. During the financing round, the Lithuanian company was estimated to be worth 3.5 billion euros.
Nike will be giving a new lease of life to returned shoes: the apparel manufacturer is going to patch up returned shoes and sell them as 'refurbished'.
Veepee, formerly Vente-Exclusive, has noticed emerging trends in the e-commerce landscape. Therefore, the flash sales provider is investing in artificial intelligence, recycling and a new return-service.
Zalando has expanded its second-hand webshop Zircle to Scandinavia. Customers in Sweden and Denmark can now also buy second-hand fashion items through the online platform.
As of today, Sellpy, the second-hand platform of fashion giant H&M, is also operating in Austria and the Netherlands. The demand for second-hand clothes has been growing steadily in recent years.