Source: The Business of Fashion
Summary
An investigation revealed that $143.3 million worth of used clothing was trafficked in 2023, highlighting the significant scale of the illicit trade.
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The look feels familiar.
The resale market’s growth has led to increased scrutiny of its darker side. Luxury brands have long struggled with counterfeiting, but the rise of online marketplaces has made it easier for illicit goods to circulate. This latest figure underscores the need for greater regulation and oversight in the industry. The trend of “sustainable” fashion has also created a lucrative market for second-hand luxury items, making it harder to distinguish between legitimate and trafficked goods. The cycle of fast fashion and resale has created a perfect storm for illicit activity.
Author: Evan Null
