2nd hand retailers with zero climate impact

How to combine environmental care with savings? The 2nd hand trend, born from childcare and furniture, now disrupts an array of categories, from luxury to mass fashion and sporting goods.

Through . Published on 14 November 2019 à 11h57 - Update on 14 October 2022 à 10h41

These initiatives balance money with care for our planet, with an added moral imperative. In parallel with a rising commitment to address global climate change, 2nd hand resale marketplaces are now disrupting both customer habits and retail operations. By breaking the manufacturing and waste cycle, these digital platforms offer a very low impact on climate change and help with a buyers’ budget.

According to the annual Thred Up and Global Data survey, the global market for 2nd hand goods is expected to grow from US$24 billion in 2018 to US$51 billion in 2023. Deutsche Bank confirms figures, with a 2nd hand market estimated at €22 billion of revenue in 2018, of which 25% is expected online. “Mature markets, such as France and Japan, are the world’s leading players in the secondhand business across all categories,” said Francesca Di Pasquantonio, Head of Global Luxury Research at Deutsche Bank.…

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