Why Consignment & Fashion Resale Spiked During COVID

“Consumer interest in secondhand fashion has only grown amidst the pandemic. In May, our orders increased by 119 percent and in June they increased further to 144 percent, compared to the year prior,” says Fanny Moizant, president and co-founder of Vestiaire Collective that also released a report recently, which looked at how the consumer behavior changed since the pandemic started. Sarah Davis, Fashionphile founder and president, says that the used designer handbags and accessories company had the highest non-promotional sales day in its history on April 15: “We were shocked, but a week later we beat those numbers, and we’ve beat it over and over since then.” Rebag, a luxury designer handbag and accessories resale company, too, saw more activity in recent months than even on its most high-traffic days, including last year’s Black Friday and Cyber Monday. Ianina Lucca, SVP Growth Marketing at Depop, a peer-to-peer social shopping app, says that the platform saw a “record-breaking performance across all of our key markets, and have consistently seen triple-digit-growth on the platform” since April.