Lithuania-based second-hand fashion seller moves into profit
Vinted, the Lithuania-based online marketplace for second-hand fashion, has reported a 61% rise in sales, reaching nearly €600m (US$650m) in 2023 compared with €370m (US$401m) in the previous year.
This surge has propelled the company into profitability for the first time, marking a significant achievement amid the burgeoning demand for “pre-loved” clothing.
For the full story, see the June 2024 edition of Textiles Eastern Europe.