The Rise of Second-hand: Exploring the Opportunities of Re-commerce
The BMI Lab Blog
FEBRUARY 2, 2021
By 2029, it is forecasted to reach a value of $80 billion , doubling the size of fast fashion. With customers continuing to declutter their homes and seek bargains online, web-based fashion resale is projected to grow by 69% in 2021 compared to 2019, while the broader retail sector is expected to shrink by 15%.
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