The luxury space has experienced a steady drumbeat of M&A activity this year. The sector has been troubled since the second half of 2023, when many players started to report declining sales and stock prices. While things have turned around a bit for some players in the first half of this year, growth overall has […]
Tag Archives | Bergdorf Goodman
Secondhand Clothes
Resale marketplace sites and consignment apps, which allow consumers to sell and purchase used and vintage goods—often higher-end and/or limited-edition fashion items—have been on the upswing in 2018 and 2019. The resale clothing market overall is expected to reach $51 billion by 2023, according to ThredUp’s 2019 Resale Report, compared to $24 billion in 2018. […]