Future Tech Daily

Second hand fashion market set to generate 400 billion USD by 2022

Reported by Staff on Oct 24, 2018 5:06:59 PM

Screen Shot 2018-10-24 at 4.10.42 PM1. Second hand fashion set to become a bigger market than luxury by 2022

Buying second hand clothes is nothing new, but the sector has been growing considerably thanks to the Internet. The second hand market generated 360 billion US dollars worldwide in 2017, according to fashion resale service Thredup, with online sales of second hand items growing 35 percent against just 8 percent for brick and mortar stores. 

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Screen Shot 2018-10-24 at 4.17.02 PM2. New app helps 'dish-stressed' diners make informed food choices - and makes restaurants more sticky 

A quarter of restaurant diners admit they have walked out before ordering as they don’t understand what is on the menu. In response, Barclaycard is testing new prototype ‘Transplater’ app that shows diners what ingredients and dishes are and whether they may like them or not.

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Screen Shot 2018-10-24 at 4.27.14 PM3. New York Media's The Strategist is opening a holiday pop-up store 

The Strategist, New York magazine’s product recommendation vertical, is moving offline to test physical retail with a holiday pop-up. The pop-up, called “I Found It at The Strategist,” will be open from Nov. 8 to Dec. 30 in New York’s SoHo neighborhood. The brands in the store have been selected by The Strategist editors, and range across product categories, including beauty, home goods and apparel, with the focus on beauty, hair care and skin care products.

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