BCG and Vestiaire Collective report says secondhand fashion and luxury market is expanding three times faster than firsthand market
BOSTON / PARIS – The global secondhand fashion and luxury market is expected to reach up to $360 billion by 2030, according to a new report produced by Boston Consulting Group (BCG) in partnership with fashion resale specialist Vestiaire Collective.
Today’s secondhand market is estimated to be $210 billion to $220 billion and with a 10% annual growth rate it is expanding three times faster than the firsthand market, the report states.
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