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With fast fashion under microscope for its environment impact and kids wanting to be more sustainable, the second-hand apparel market is growing – at a miraculous 21-times faster than the primary market.
So finds B-Stock, the world’s largest online B2B platform for returned and excess apparel. The trend is being driven by the rise in online resale and consignment marketplaces, as well as young consumers who look to make more sustainable shopping choices.
More from the B-Stock Blog
The State of B2B Recommerce: A Recap
According to recent data from the National Retail Federation (NRF), 2024 saw a record-breaking $890 billion worth of merchandise returned to retailers. As the leading B2B recommerce platform, B-Stock also saw a record-setting number of buyers, bidders, and listings on…
Data To Tackle Excess Inventory Challenges: Discover B-Stock’s Recovery Insights Tool
With a projected annual return rate of 16.9%, 2024 saw a staggering all-time high of $890 billion worth of merchandise returned to retailers. While a natural byproduct of retail, this merchandise places immense pressure and additional costs on retailers and…
