It seems like the Internet vintage markets has reached an important threshold. Not only being well established, but also growing fast. A recent example is the European second-hand marketplace Vinted, that had an impressive business growth during 2023. Vinted’s revenues increased by as much as 61% last year, to € 596.3 million.

Vinted, the leading international C2C second-hand fashion marketplace in Europe, grew its revenue in 2023, enabling more people than ever to buy and sell second-hand goods.
Vinted expanded in existing and new markets and launched a new service for designer and luxury fashion items. This included a penetration into existing markets, geographic expansion, and the introduction of a luxury fashion verification service. The group also developed its shipping services with Vinted Go and made initial steps to deepen the value chain with payment services.

Small, but growing
Thomas Plantenga, Vinted Group’s CEO, says:
— Second-hand fashion is still a relatively immature market and is only a tiny part of fashion overall. Our performance in 2023 was not only proof that we can deliver strong growth but that we are at the forefront of a market with huge potential. More importantly, growing C2C second-hand fashion is an impactful way to mitigate the harm of the fashion industry and the reason behind our mission to make second-hand the first choice.

Eliminated sellers’ fees
Another interesting aspect of the second-hand market and showing how it continues to thrive, is the change in sellers’ fees. Vinted never had those additional fees and during 2023 both competitors eBay and Depop have debunked those fees. Depop ditched its seller’s fees in March with eBay followed in April. On all three platforms, buyers are now responsible for additional protection fees.
Interestingly enough, eBay and Depop have also reported growth for 2023.

Text and facts from Vinted press release (click here)