Fast Fashion Is Out. Pre-Owned Fashion Is In.
Eco-conscious shoppers are paying more and more attention to sustainability these days.
No wonder, then, that they’re increasingly turning to second-hand fashion marketplaces – so much so that the industry’s expected to grow 20% a year for the next five years.
That wouldn’t just make it a fast-growing segment: it’d make it one of the fastest-growing segments in the entire retail industry.
And investors are taking full advantage: several second-hand fashion marketplaces have made hugely successful stock market debuts this year, and there could be a lot more to come.
You can read our thoughts and ideas on the future of charity shops here.
Image: Our Visualisation of the future of Charity Shops