Apr 29, 2024, 9:03 PM
Apr 29, 2024, 12:00 AM

Vinted Achieves First Profit Amid Rising Secondhand Fashion Trend

Highlights
  • Vinted, the Lithuanian online used clothing marketplace, reported its first profit of £15.4m last year.
  • The platform saw a 61% rise in sales as young shoppers increasingly opt for secondhand fashion over fast fashion.
  • This success contrasts with competitors like Depop and RealReal, who reported losses in the same period.

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