Pre-loved fashion market set to double in global sales to €317bn by 2027

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The pre-loved fashion market may double in global sales to €317bn by 2027, as sustainability drives consumer choices

A growing number of people are buying used clothing, shoes and accessories, propelling the secondhand industry to $177 billion in global sales last year, according to a new report from online thrift marketplace thredUP.

This marks a 28 per cent increase over 2021, and thanks to surging inflation, more retailers are developing curated secondhand or “resale” offerings, while an increase in awareness around sustainable shopping habits are also informing their decisions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The pre-loved fashion market may double in global sales to €317bn by 2027, as sustainability drives consumer choicesThere was a 28 per cent increase in the global sale of pre-loved fashion last year, according to a new report from US thrift marketplace thredUP
Source: businessposthq - 🏆 8. / 71 Read more »