The trendy second-hand clothing market is huge and still growing – yet nobody is turning a profit

For example, neither the American company ThredUp nor its luxury cousin The RealReal are profitable, disappointing investors and dragging share prices below their IPOs. In 2022, less than two years after going public, the American peer-to-peer resale site Poshmark was acquired by a Korean tech company for $1.2bn (£950m), one-sixth of its IPO valuation. While […]

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Eco-responsible fashion in Paris from McCartney and Serre

PARIS Two of fashion’s most environmentally conscious designers presented their autumn-winter collections on Monday, the penultimate day of Paris Fashion Week. With her father and his Beatles bandmate Ringo Starr watching from the front row, Britain’s Stella McCartney called on the fashion world to “wake up” with a collection that took her sustainable schtick even […]

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