For the first time in 15 years, Lithuanian second-hand platform Vinted became profitable in 2023. This is due to the spread of the Vinted Go lockers, whose footprint soared by 230% in 6 months in France, the largest market by sales.
In 2023, at a time when the second-hand business is struggling to make a profit in the U.S. and also in Europe, C2C platform Vinted reported profits for the first time. Net income reached €17.8 million, compared with a moderate loss of €20.4 million a year earlier. Vinted’s sales rose by 61% to €596.3 million year-on-year.
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Article authors
Sophie Baqué
Chief Editor of mind Retail
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.