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  1. Call for nominations: Luxury Marketer's Luxury Women Leaders to Watch 2027 
  2. Future of luxury marketing: New truths about heritage, exclusivity and consistency
  3. How AI shopping can quietly erode brand loyalty – and what it means for luxury 
  4. Swiss luxury real estate sector likely to underperform overall market even as new price records are set: report
  5. 75pc of US consumers use AI to research beauty as ‘optimizers’ reshape market: report
  6. North America takes lead for new luxury store openings, New York regains top spot: report
  7. Hotels move from search-and-scroll to ask-and-book in nod to growing AI influence: report
  8. Slow recovery continues for luxury in China, Japan
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Comment

Research

Report: Global secondhand luxury sales to reach $58B in 2028 with Gens Y, Z sustainability nod

October 23, 2023

Vestiaire Collective is one of the leading global players in the luxury resale space as younger Gen Y and Z consumers gravitate to more pre-owned sale items from reputed brands. Image credit: Vestiaire Collective Vestiaire Collective is one of the leading global players in the luxury resale space as younger Gen Y and Z consumers gravitate to more pre-owned sale items from reputed brands. Image credit: Vestiaire Collective

 

By Staff reports

The global secondhand luxury market is on an upward trajectory, with a market value of $31.12 billion last year and projected to almost double by $58.30 billion by 2028.

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