fromBustle
1 hour agoLV Pochette, Celine Trapeze, & 6 More Vintage Bags Bustle Editors Are Coveting
According to Vestiaire Collective's resale report with BCG, released earlier this month, the secondhand fashion market is growing by 10% yearly, three times faster than the firsthand market. It's currently valued between $210 and $220 billion and is estimated to reach $360 billion by 2030, accounting for 10% of global fashion and luxury sales. Bag-specific stats are even more impressive, as preloved bags make up 66% of U.S. closets across generations.
Fashion & style