Vinted Achieves Profitability, Expands Market Presence Amid Rising Secondhand Fashion Demand

The online fashion resale platform Vinted reports its first profitable year, driven by strategic expansions and diversified revenue streams.

Vinted's revenue increased by 61% last year, reaching significant profitability with diverse income sources including shipping and payment services.
The company's strategic acquisitions, such as the designer resale firm Rebelle, and expansions into new markets like Denmark and Finland, have bolstered its growth.
Despite a challenging economic climate, Vinted's success contrasts with losses reported by other secondhand platforms like The RealReal and Thredup.
Consumer demand for secondhand goods is on the rise, influenced by economic pressures and a growing interest in sustainable fashion.
Vinted's CEO, Thomas Plantenga, emphasizes the potential for further expansion and the importance of balancing profitability with strategic investments.