this post was submitted on 16 Mar 2024
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Degrowth

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The trendy second-hand clothing market is huge and still growing – yet nobody is turning a profit (www.bbc.com)
submitted 8 months ago by stabby_cicada to c/degrowth
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[–] MrMakabar 5 points 8 months ago

To me this sounds like a bunch of investor funded start ups are competing to take the entire market and are willing to take losses. They also do the work in first world countries, which makes it more expensive. So they can not compete with low cost workers from the Global South. Hence higher costs. However second hand clothes make money for decades and I see no reason this is going to change.