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Global resale fashion market to reach $360B by 2030: BCG, Vestiaire Collective

According to the report, 80 percent of buyers cite affordability as a leading motivation for purchasing secondhand items, but emotional and cultural factors are increasingly influential. Image courtesy of Vestiaire Collective

 

A new report from Boston Consulting Group (BCG) and French luxury resale platform Vestiaire Collective suggests that the circular fashion sector is growing three times faster than traditional retail today.