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$289 billion: What is driving the explosive growth of the secondhand clothing market?

Luxury fashion is no longer merely a means of expressing personal taste. For a growing segment of consumers and investors, it has become a new asset class capable of generating profits, amid the rapid expansion of the global market for reselling used clothing and accessories. According to data cited by Bloomberg, the used-clothing and resale market was worth about $289 billion, and continues to expand, driven by rising demand for rare and limited-edition pieces from global brands. Can parents choose a more intelligent child before birth? Silicon Valley companies spark controversy From the red carpet to the investment market Clothing worn by film stars and celebrities is attracting growing interest from buyers. Photographers and fashion experts track appearances at festivals and major events to identify pieces that could later become sought-after products in the resale market. Celebrities often wear pieces dating back decades, highlighting the rising value of vintage and rare fashion in global markets. Prices move like stocks Analysts say the secondhand fashion market now operates according to

$289 billion: What is driving the explosive growth of the secondhand clothing market?

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Riyadh – Al Arabiya Business
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