4 August 2026Business & Strategy
Fast fashion's secondhand pivot is a margin play, not a green one
Zara, H&M and their peers launching resale arms isn't about sustainability credentials, it's about owning the customer twice: once at first sale and again when that same item resurfaces on a platform they control, rather than ceding that transaction to Vinted or Depop entirely. The economics only work if brands can capture resale volume without cannibalising new sales, which is why most of these programmes are structured as store credit rather than cash, keeping the customer inside the brand's retail loop. Depop and Vinted's user growth over the past three years is the real pressure forcing this move, not consumer demand for corporate virtue. The brands that win here are the ones treating resale as inventory management, not marketing.
From Japan and the US just co-signed the yen