Boston Consulting Group (BCG) and Vestiaire Collective, the leading global platform for pre-loved luxury fashion, have released the 2025 report Resale’s Next Chapter: How Fashion and Luxury Brands Can Win in the Secondhand Market. Based on a survey of 7,800 Vestiaire Collective users, the study shows that secondhand items already make up 28% of respondents’ wardrobes—rising to 30% for clothing and 40% for handbags.
According to the report, the global secondhand fashion and luxury market is rapidly expanding and could reach 360 billion USD by 2030. With an annual growth rate of around 10%, the resale segment is developing three times faster than the market for new products.
Read full article here: turnovernews.com
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