Apparel company filings reveal growing interest in resale market

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id="menu-item-162075" class="menu-item menu-item-162075"><a title="Newsletters" href="https://www.just-style.com/newsletters/"><span>Newsletters</span></a></li><ul></div> <div class="initials"><a href="https://www.just-style.com">JS</a></div> </nav> <div class="menu-bg"></div> </header> <main class="article-page gdm-opinion-article"> <article> <div class="grid-x"> <div class="cell large-8"> <header class="article-header"> <div class="breadcrumbs-container"> <ul class="breadcrumbs"> <li class="breadcrumbs-item"> <a href="https://www.just-style.com/news/" class="c-post-content__category">News</a> </li> </ul> <div class="date"> <span class="date-published"></span> </div> </div>  <div class="article-header__content"> <h1 class="article-header__title">Signal: Apparel company filings reveal growing interest in resale market</h1> <p class="article-header__excerpt">Fashion companies’ interest in the circular economy and resale market grows, as they seek to decouple revenue and production growth.</p> <div class="article-meta"> <span class="article-author"><a href="https://www.just-style.com/author/elizabethcooke/" title="Posts by Elizabeth Cooke" class="author url fn" rel="author">Elizabeth Cooke</a></span> <span class="date-published">September 7, 2023</span>  </div>  <div class="gdm-article-actions"> <div class="gdm-article-share"> <span class="button-toggle transparent-with-border gdm-article-share__button">Share <ul class="gdm-article-share-list__container"> <li><a href="https://www.just-style.com/news/apparel-company-filings-reveal-growing-interest-in-resale-market/" class="copy-link">Copy Link</a></li> <li><a href="https://twitter.com/intent/tweet?text=Signal%3A+Apparel+company+filings+reveal+growing+interest+in+resale+market%0a&url=https://www.just-style.com/news/apparel-company-filings-reveal-growing-interest-in-resale-market/&via=juststyle" class="x-share" target="_blank">Share on X</a></li> <li><a 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src="https://www.just-style.com/wp-content/uploads/sites/27/2023/09/GettyImages-1246357425-1.jpg" alt="" /> </picture> <figcaption class="c-featured-image__description">Global economics, new legislation, and consumer appetite for second-hand clothing is driving company interest in the resale market. Credit: Photo by Jakub Porzycki/NurPhoto via Getty Images.</figcaption> </figure> </div> <p class="drop-cap">Apparel companies’ interest in the circular economy and resale market has been steadily growing over the past few years, with mentions of the “circular economy” in company filings having nearly quadrupled since 2017.</p> <p>According to GlobalData’s analytics, “circular economy” mentions increased from 1,048 in 2018 to 2,040 in 2022.</p><div class="in-article-premium-insights mobile-useragent-scalar"><div class="cell large-2 sidebar-scalar mobile-only"> <div class="gdm-widget gdm-recommended-reports gdm-pi-recommended-reports gdm-orange-banner recommended-whitepapers"><h3>Go deeper with GlobalData</h3><ul><li class="grid-x"><div class="cell small-2"><figure><a href=""><img decoding="async" src="https://pr-fr-json-b2b-gdm-figaro1.pantheonsite.io/pharmaceutical-technology/wp-content/themes/goodlife-wp-B2B/assets/img/report.png" alt="ReportsLogo" /></a></figure></div><div 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10.4384 9.28778 10.548L9.53235 11.0757C9.57178 11.1603 9.65197 11.2224 9.74819 11.2418C9.76957 11.2462 9.79162 11.2481 9.813 11.2481C9.88785 11.2481 9.96135 11.2224 10.0181 11.1741C11.9339 9.55407 12.53 6.97513 11.5016 4.75718C10.8641 3.38029 9.69072 2.31863 8.19792 1.76712Z" fill="#27274C"></path> </svg> Data Insights </h5> <p> The gold standard of business intelligence. </p> <p class="find-out-more"><a href="https://www.just-style.com/buy-reports/?utm_source=LGP-Article&utm_content=Find_out_more&utm_campaign=LGP_Premium-Insight-Landing-Page" target="_blank"> Find out more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="10" viewBox="0 0 16 10" fill="none"> <path d="M1 1.48846L8.02309 8.51156L15.0462 1.48846" stroke="#FF5D2B" stroke-linecap="round"></path> </svg> </a> </p> </div> </div></div></div> <iframe title="Apparel companies' interest in the resale market and circular economy is growing " aria-label="Interactive line chart" id="datawrapper-chart-3X88t" src="https://datawrapper.dwcdn.net/3X88t/2/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="381" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); </script> <p>The interest reflects the increasingly disruptive power of the global apparel resale market, which grew by 109.4% between 2016 and 2021 and is <a href="https://apparel.globaldata.com/Analysis/details/global-apparel-resale-market-forecasts-to-2026">expected to grow by a further 52% between 2023-2026</a> – significantly faster than that of new apparel.</p><div id="slot-one"></div> <p>The rise of circular business models has largely been driven by rising consumer-sustainability awareness, online resale platforms like Depop and Vinted, as well as inflationary pressures squeezing spending power.</p> <p>Regulatory pressure is also mounting to make fashion companies responsible for a product’s entire lifecycle, as the EU Commission drafts more legislation to tackle the growing mountain of textile waste.</p> <p>In May, the European Parliament voted to <a href="https://www.consilium.europa.eu/en/press/press-releases/2023/05/22/ecodesign-regulation-council-adopts-position/">overhaul the existing Ecodesign Directive</a>, replacing it with an all-encompassing framework that will cover the design and disposal of goods, as well as increased consumer transparency via Digital Product Passports.</p><div class="gdm-company-profile-unit" id="company_profile_form"> <h1 class="gdm-company-profile-unit__heading">How well do you <span style="text-decoration: underline;">really</span> know your competitors?</h1> <p 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