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Fashion Rental And Resale Companies‘ Revenue Worldwide 2024

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Rental and resale are not a new phenomenon, but there has been a significant uptake of the schemes among fashion firms lately. Footwear News is a leading shoe publisher reporting on the latest in shoe industry business, sneaker trends, fashion news and celebrity style. Circular business models encompassing rental and resale have the potential to take 23% of the global fashion market by 2030, as rising consumer awareness of sustainability along with cost of living pressures come to bear. Global economics is also forcing a rethink on fast fashion. With 39,000 metric

The global second-hand fashion market size was estimated at USD 190 billion in 2024. The market is expected to grow from USD 208.6 billion in 2025 to USD In conclusion, rental, resale, and subscription services are changing the fashion industry by offering consumers more sustainable ways to engage with clothing. These models present exciting opportunities for businesses to cater to a shifting consumer landscape and create a more circular fashion ecosystem that benefits both the

Worldwide Ecommerce Revenue 2017–2025, by Fashion Segment

The online market for secondhand apparel hit $20 billion in the US in 2023 and is expected to more than double over the next five years, according to a new report from ThredUp and Global Data. ThredUp’s annual Resale Report sizes the secondhand market and resale industry and provides insights on the latest trends in retail, resale, and sustainable fashion.

Global Circular Fashion Market Size, Trends, Share 2033- CMI

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The seventh annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and slumping consumer confidence chip away at 2022′s gains. Download the full report to understand the 10 themes that will define the industry and the Companies must also provide more detailed information on COVID-19 cleaning/sanitizing practices to reduce the perceived risk while promoting consumers’ willingness to try fashion rental services.

  • Profitability Hurdles Haven’t Slowed the Growth of Resale
  • The State of Fashion 2025: Challenges at every turn
  • Read Resale & Rental Fashion News & Analysis Here

Read a wide range of Resale & Rental news and analysis here from the editorial team at Business of Fashion. Whether it’s in creating a circular revenue stream or lifelong advocate customers, durable, high-value fashion is good for companies’ margins and emissions. At my company, we are passionate The global online clothing rental market size was estimated at USD 1.12 billion in 2021 and is projected to reach USD 2.33 billion by 2030, growing at a CAGR of

The dirty secret of the resale industry is that despite its reputation as an eco-friendly alternative to fast fashion, second-hand fashion is often subsidised by the sale of new clothing. This week, an in-depth look at a new, rental-focused venture aiming to drive a necessary “paradigm switch” in fashion. Plus, a members Worldwide: In 2025, the revenue generated in the Sneakers market worldwide is an impressive US$89.34bn. Definition: The market for Sneakers refers to so-called “athleisure” footwear, i.e

Apparel Rental Market Size, Share, Trend Analysis

There’s a massive opportunity in the rental and resale market with Bloomberg Intelligence saying in a new report that the higher end of this market could grow fivefold as soon as 2025 with resale a particular focus. Top 100 Fashion Tech Companies In 2025From AI-generated designs to virtual fitting rooms, visuals and blockchain-powered supply chains, fashion is no longer just about fabric and design—it’s about futuristic innovation. Here are the 100 top fashion tech companies that are making a difference in the retail space, in 2025. The future of fashion is here—and it’s powered The global fashion industry faces economic uncertainty, a dynamic market, and consumer behavior shifts. Finding pockets of growth means navigating a complex maze.

Global Second Hand Apparel Market size was valued at $45.3 Billion in 2024 and it will grow $126.6 Billion at a CAGR of 10.4% by 2024 to 2033 Whether driven by consumer demand or government legislation, fashion brands and retailers are embracing the circular business models of resale, rental, repair and reuse to extend the life of their products. Drapers meets Hans Robben, programme manager at Bleckmann’s The Renewal Workshop, to learn about new solutions that help deliver these

100 Resale Market Statistics You Need to Know

Worldwide: In 2025, the revenue in the Children’s Apparel market worldwide is estimated to be US$285.78bn. Definition: The Children’s Apparel market Resale’s growth rate is giving traditional retail a run for its money, according to the ThredUp 2025 Resale Report released Wednesday. In the U.S., the secondhand apparel market grew five times faster than the broader retail clothing market in 2024, and is projected to reach $74 billion by 2029, with an average annual growth rate of 9%. The global secondhand

A company that set out to revolutionalize both fashion and retail is now being accused of fraud. What went wrong? BoF’s definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy. Fashion rental services are heading into 2024 with the goal of bringing more budget-cautious customers into the fold. For players in the space, performance is mixed. Earlier this month, Rent the Runway reported that its third-quarter revenue had dropped 6.3% to $72.5 million. Its subscribers also declined for the first time since the company went public in 2021,

Revenue share of sustainable apparel worldwide| Statista

ThredUp’s annual Resale Report sizes the secondhand market and resale industry and provides insights on the latest trends in retail, resale, and sustainable fashion. FOREWORD For the fourth year in a row, The Business of Fashion and McKinsey & Company have teamed up to bring our trademark rigour and evidence to debates within the global fashion industry and to provide an authoritative annual picture of The State of Fashion.

Here’s a breakdown of some key areas attracting investment: 1. Rental and Resale Platforms ($ Billion Market Potential Not Available): Companies like Rent the Runway and ThredUp are disrupting traditional retail models by offering clothing rentals and resale options.

Online clothing rental market to grow from USD 2.6 billion in 2025 to USD 6.39 billion by 2035, at a CAGR of 9.5% during the forecast period. The fashion industry has to play an important role in the path towards sustainability and the circular economy. Indeed, the fashion industry is a sector with a high environmental impact; it Circular Fashion Market size is growing with a CAGR of 9.0% in the prediction period and it crosses US$ 13.94 Billion by 2032 from US$ 7.63 Billion in 2025.

The apparel rental market size was $6.2 billion in 2023 and will achieve a CAGR of more than 11% during 2023-2027. The apparel rental

A new report from Thredup found that the global secondhand apparel market will continue to balloon, reaching as much as $350 billion in merchandise value by 2028, at a CAGR of 12% per year. The By “slowing down” fast fashion, it offers a meaningful solution against fast fashion. Clothing rental companies allow individuals to rent clothing for a specific period of time and then return it for others to use, reducing the overall demand for new clothes, and thus, a reduction in the environmental impact of the fashion industry. That’s according to fashion resale company The RealReal’s 2024 Luxury Consignment Report, released on Tuesday. Among other supporting data, it showed that Gen Z searched TheRealReal.com for the six brands synonymous with “quiet luxury” 29% more this year than in 2022. Among them: Brunello Cucinelli, Loro Piana and The Row, each known for their

For instance, Choi and He (2019) report that fashion rental and resale services are commonly seen all around the world, in both developed countries (like the U.S.) and developing countries (like China).

The Global Circular Fashion Market size was valued at $6.4 Billion in 2024 and it will grow $13.8 Billion at a CAGR of 7.8% by 2024 to 2033 – CMI