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Secondhand fashion seller Vinted moves into profit after 61% sales rise
Lithuania-based site is expanding while its rivals Depop and RealReal reported losses last year
The online secondhand fashion seller Vinted has reported a 61% rise in sales to almost €600m (£513m), taking the company out of the red for the first time amid a boom in demand for “pre-loved” clothing. Vinted’s growth comes as concerns about sustainability, tight budgets and boredom with copycat fashion across the high street have driven a sharp increase in sales of secondhand clothing, particularly among young people. Despite the shift, online secondhand specialists have struggled to make money, and Vinted’s rivals Depop and RealReal reported losses last year.
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