Chart: Vinted makes second-hand fashion profitable

Vinted on smartphone screens

Source: Vinted

The fashion resale platform, based in Lithuania, announced earlier this week that net profit had grown by 330% and revenues had grown by 36% year on year

Its notable margin puts it in contrast to many of its rivals in the clothing recommerce space, where take-up has been huge but profits elusive – although it looks like it may just be a matter of time for some of the other providers.

 

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