On November 17, French resale e-commerce platform Vestiaire Collective announced the banning of 30 fast fashion brands from its platform, including Zara, H&M, Gap, Mango, and Uniqlo.
Tag: Vestiaire Collective
Since the covid-19 happened in 2020, many consumers have shifted to online shopping rather than going to physical stores. In the context of this move, a lot of stores tend to close their real stores and hold sales only in their online stores on the black holiday.
What’s more, many stores had already started the Black Friday sale in early November this year, and also the spanning of the holiday discount event is extended over 2 weeks.
The Vestiaire Collective, a French fashion resale platform, announced that it will ban the purchase, sale, or listing of fast fashion items on its platform from today.
The list of banned fast fashion brands includes Asos, Atmosphere, Boohoo, Burton, Cider, Coast, Dorothy Perkins, Fashion Nova, Karen Millen, Miss Selfridge, Missguided, Na-kd, Nasty Gal, Oasis, Pretty Little Thing, Shein, Tezenis, Topman, and Topshop.
Over the past few years, the resale market in the United States has become even hotter, and many companies are competing for the market.
Vestiaire Collective, a French unicorn company, entered the US resale market from overseas.