Fashion
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?
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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.
Online platform About You is experimenting with the sale of second-hand clothing: the Zalando competitor offers around 30,000 second-hand items in its German web shop.
From now on, Ace & Tate will offer recycled glasses on second-hand platform Depop. It is the first optics chain to start working with the app, giving old frames a second life.
Gucci joins forces with the second-hand platform The RealReal. The luxury brand with the big G opens its own webshop, where customers' items get a second (or umpteenth) life.
General
Amazon already has a quarter of the e-commerce market in Europe. It is therefore not surprising that platforms dominate the market: by 2025, marketplaces will account for 65% of cross-border online sales in Europe.
Zalando starts offering second-hand clothing: customers will be able to 'sell' their worn items via the platform, but instead of receiving any money in return, they will receive a gift certificate or a donation to a charity.
Furniture
Ikea is to open a second-hand store, where only used and refurbished furniture from the home interior chain is sold. The new store concept is intended to help the Swedish retailer with its sustainability ambitions.
Cos, part of the H&M Group, is launching its own second-hand platform called Resell, where customers can sell and buy clothes by COS. The platform is both a way towards 100 % sustainability, and a business opportunity.
