Fashion: U.S.A. second-hand clothing is struggling to make profits

Featured image of the article Fashion: U.S.A. second-hand clothing is struggling to make profits

An article by Morgane Monteiro and Sophie Baqué

Publication

2 April 2024 à 13h43

Updated on 7 May 2024 à 11h01

Reading time

2 minutes

Publication: 2 April 2024 à 13h43, Updated on 7 May 2024 à 11h01

Reading time: 2 minutes

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An article by Morgane Monteiro and Sophie Baqué

Publication

2 April 2024 à 13h43

Updated on 7 May 2024 à 11h01

Reading time

2 minutes

Publication: 2 April 2024 à 13h43, Updated on 7 May 2024 à 11h01

Reading time: 2 minutes

Share
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In America, both ThredUp and The RealReal continue to report losses. According to GlobalData, the second-hand fashion market is fast overtaking as the traditional market.

In the U.S.A., second-hand marketplaces are not making profits. Clothing resale platform ThredUp (sales of US$322 million in 2023, up 12%) continues to post substantial losses (US$71.2 million in 2023). However, the loss has narrowed slightly: in 2022, with sales of US$288 million, the site posted a net loss of US$92.3...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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