Inside the Massive Second-Hand Fashion Market | The Business of Fashion Show

What I don't like about reselling is that there are actually a lot of sellers buying up new clothes at retail to create scarcity.
It's not just limited edition sneakers. I have noticed it with mid-range brands. You see a large number of New With Tag items that were released this season. They were pretend that they bought the items full price but can't use it. So they are selling at 80% off. In reality, they purchased the item half price.
It's especially a problem with Coach. Many resellers would buy their outlet products at 70% off and claim they bought them at retail prices and selling them at 30% off.

Great experience

I love Vestiaire collective. There is space for improvement but it's a brilliant business idea

I am all for repurposing, ressurecting and elongating fashion items in this fast-paced world we are living. However, I DO NOT highly recommend Verstiaire Collective. This company is not ready to take second-hand market globally due to their terrible customer experience, non-user friendly app navigation (even the web does not make sense). There are other companies which are more competent and understand the real meaning of ‘service’ such as The Real Real or 1stsibs.

The best decision l ever made in my life wasinvesting in the crypto market. Trust me guys, it really pays a lot!

Thanks for going through all the trouble of shining a light

Hi I'm from Philippines and want to be part of the company. I love fashion and art. How to apply for a job?

Opposite for me.

Went from collecting archives pieces and buying brand new pieces from avant garde designers (Yohji, Rick, Ann D) over 18 years to wearing plain shirts, jeans, converse.

I still have my collection in my basement all packed up in countless boxes.

Wear what you want, but for me they no longer have any value. It's not going to make your life better, no one is going to remember what you wore as they walk down the street.

This is a great business idea. Recycling high end items to resell and get more uses out of them is brilliant.

Get help

I love when we all invent new names for the same things and try to make something more then it actually is! LOL LOL

I'm bummed, all about luxury items - authentication critical = nothing I'd have to sell. Sigh. 😞

Terrific interviewer and interviewee. I've been thrifting for years because I think secondhand items have much more character and value. Fast fashion just don't seem to work on me. Great topic!

This type of mentality is disgusting to me it really is none of this really comes down to any value other than compulsive buying.What also I see is these big corporations taking over small mom and pop and making it harder for people to sell their secondhand goods

Those tops showcased by Fiona and Youth are worth exactly $1 or maybe 1 Euro, what they paid for them. Or less. To quote 90/110 Euro selling is over-priced ridiculousness. And sad for the person who over-pays for it.

You’re missing the real point here! The reason there’s a re sale market isn’t for sustainability! It’s Branding!!! All kinds of ppl want access to the hottest brands! That’s how Payless went out of business. Even in the ghetto you will see Nikes, adidas, Jordan’s etc… branding is the root cause of this!

Yeah, like purchasing on Amazon. They sell fake products, so beware!!!

loved this piece!

As some countries flood the USA with fast clothing, it is our job to teach our kids and the public that if we don't know how or where to recycle an item, don't buy it

Originality! Self expression!!?? More like high end lemmings!!!!

A seller from Hong Kong and a buyer from the US. Doesnt sound carbon neutral to me ;)

Great film!

Awesome

Who else had to google the Himalayan Birkin?

What's her height?

Consumption! consumption! perception of oneself to the world based on brands. 🤣😂 humanity is doomed! Put on your fake facade to the world because we look and judge people firstly by the color of their skin .Then we look at plumage of people creating this need to be like peacocks on a strunt .. Do most people know how much clothing ends up in poor countries in landfills?.Beam me up..

I appreciate Max Bittner's response to your question of over consumption: that they are being pro active in their practices to improve. Also Trade Up! Love this.

This kind of clothes seldom end in landfills anyway. So, whatever :)

No wonder the evil uses Prada!😂😂😂😂

disgusted about all the clothing we are killing the environment period

what brand is his green pullover? asking for a friend. ha!

The products itselves????

Scam

Fast fashion has left the chat.

Maybe just stop freaking buying so much. You don’t have more value because you wear sth new every second day

For the luxury customer, oftentimes they will only wear something once. The perception is that they can't ruin their public image by wearing the garment twice. So it's only natural that these items find a second life in the resale market. One concept that's popular in the US is exemplified by the company Rent the Runway, which offers the customer a monthly subscription. With the subscription model, the customer selects new items every month, and they receive another shipment when they return the previous order. They also have the option of purchasing anything they've borrowed. I see this an an example of sustainability, since no one is actually buying anything.

my concern is that the secondary market maybe be flooded with new goods with reduced prices to fool the consumer into thinking they are helping the environment. The lady from Depop clearly said they welcome working with companies not just individuals sellers.

Dump those Masks!!!!

Thank you very much for your articulated speech, it makes watching the video much more confortable

I am a purse reseller, but still a newbie ☺️

A CEO with a full beard? I am shook! Amed held his composure I would have melted. 😆

Recycling is not really a solution for long term. We have to focus on less consumption, but then its against the foundation of economic (demand n supply)

If we are late to climate change party we better be far sighted about it rather than recyle.

Vestairie are for buyers. Sellers get ripped off. Moral here is: think very well before buying luxury items,try to only buy keepers. The resell businesses are just about money,-for the owners .

I don't like to buy and wear used clothing for many reasons. I also don't buy clothes unless I need to so my clothes stay with me until they tear or something and become literally garbage. I think my way is the best way to go when it comes to saving money and preserving the planet.

I create my own clothes

I have a new pair of Chanel pumps which I want to sell.. Beautiful gold pumps.. Almost new but don't fit me..beautifully made.

❤️

This attempt to present these invalid points about resale are disappointing. No everyone is seeking brands and alleys be real each and every one of these large brands or luxury brands had no interest in resale until they realized it was an industry. They just want another payday on things they should not even have produced in the first place. Resale is an attempt to clean up and the industry was created by industrious small sellers. Not all resale is luxury. Luxury resale has already been going on forever for those trying to find a deal. Let’s place all this other stuff. Let’s sew together all the fashion nova garbage into more beautiful things. Resale can be so much!

Very informative! Loved it.

This has always been a thing, making out like it's a new thing because it's online is so insulting