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Refash is a platform for women to sell and buy preloved items, ranging from fast fashion clothing to designer handbags. [6] Brands include fast fashion brands like Zara, Topshop, Forever 21, H&M, and local brands like Ohvola, MDS and Love, Bonito. [7]
Vestiaire Collective's 2024 Circularity Report, "Exposing the True Cost of Fast Fashion," outlines the environmental and financial downsides of fast fashion, noting that these items are often worn less and discarded quickly. The report suggests that pre-owned luxury fashion is 33% more cost-effective over time and has a lower environmental impact.
This led to the creation of a website where users could trade their clothing items. In 2012, Vinted partnered with Lemon Labs, a Lithuanian-based app development consultancy, to launch their mobile app. [ 3 ] In 2016, Dutch businessman Thomas Plantenga joined Vinted's management team as a strategy consultant and later became the CEO.
Lululemon is enticing veteran bargain hunters with its promise of yoga pants at half-off the $130 retail price. The only catch: someone else used to wear them.
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Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business start-up centre H-Farm. [3] Beckerman came up with the original outline of the application during his time working on PIG, a fashion magazine based in Italy that he co-founded.
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