- H&M launches resale program in the US in partnership with ThredUp.
- Roughly 30,000 articles of clothing will initially be available on H&M’s resale site.
- H&M views resale as part of its wider push toward sustainable practices.
- Other retailers, including Zara and SHEIN, have also launched resale marketplaces.
- The resale market could grow to $300 billion by 2031, according to Morningstar.
H&M launches U.S. resale program
Fast-fashion retailer H&M launched a resale program Tuesday in collaboration with ThredUp, an online consignment platform that has partnered with dozens of brands to run their used clothing sales, H&M told Reuters.
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