How Luxury Resale Became Big Business: Inside Fashionphile’s Playbook
Luxury retail is in the midst of a reinvention. Circular fashion has moved from trend to transformation, reshaping how consumers perceive value, ownership, and access. According to the 2025 BCG × Vestiaire Collective Resale Report, the secondhand fashion and luxury market now totals $210 to $220 billion globally and is projected to reach $320 to $360 billion by 2030—growing nearly three times faster than the primary market. Among Gen Z consumers, as much as 45% of handbags are already purchased secondhand, underscoring a generational shift toward sustainability and individuality.
As resale…
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