Secondhand fashion seller Vinted moves into profit after 61% sales rise
Lithuania-based site is expanding while its rivals Depop and RealReal reported losses last yearThe online secondhand fashion seller Vinted has reported a 61% rise in sales to almost €600m (£513m), taking the company out of the red for the first time amid a boom in demand for “pre-loved” clothing.The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland; an expansion into luxury fashion through its acquisition of secondhand high-end fashion site Rebelle in 2022; and the launch of a verification service. Continue reading...
Lithuania-based site is expanding while its rivals Depop and RealReal reported losses last year
The online secondhand fashion seller Vinted has reported a 61% rise in sales to almost €600m (£513m), taking the company out of the red for the first time amid a boom in demand for “pre-loved” clothing.
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland; an expansion into luxury fashion through its acquisition of secondhand high-end fashion site Rebelle in 2022; and the launch of a verification service. Continue reading...
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