The Future of Fashion Resale — New Report

Agnelli Scion Had Armani Talks, L Catterton to Take Majority Stake in Etro

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WHAT YOU NEED TO KNOW TODAY: MONDAY, JULY 19, 2021 Dear BoF Community, Today, we are pleased to publish The Future of Fashion Resale, a report which reveals that just 5-7% of resaleable fashion is currently being bought and sold on resale platforms, resulting in over $2.1 trillion of untapped fashion inventory in closets around the world. The BoF Insights Lab, a new data and analysis unit at The Business of Fashion providing business leaders with proprietary and data-driven research to navigate the fast-changing global fashion industry, estimates the global secondhand fashion market is currently worth $130 billion, with growth being driven by factors such as resale platforms becoming more sophisticated and stigma around buying secondhand diminishing. The Future of Fashion Resale is a quantitatively driven, long-form report designed to help you navigate the challenges and opportunities of the global resale market. Purchase the report today for recommendations on how to craft a data-driven resale strategy. Imran Amed, Founder and Editor in Chief

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RETAIL The Future of Fashion Resale Report — BoF Insights By Diana Lee and Rahul Malik BoF's definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy. READ MORE

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