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The second-hand apparel market is growing 21 times faster than the primary market according to B-Stock, the world’s largest online B2B platform for returned and excess apparel.Driving the trend is the rise in online resale and consignment marketplaces as well as young consumers looking to make more sustainable shopping choices.
Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…