Find in the news:
BY COUNTRY

H&M Group's own COS brand creates a marketplace for second-hand products



COS brand (part of the H&M group) is starting to develop its online platform for selling second-hand products.
Cos Depositphotos

As part of this project, called Resell, the company's customers will be able to buy and sell clothing from COS. COS management believes that with the help of such a platform, the company will achieve 100% stability in the fashion market and open new business opportunities.   Resell project allows customers to buy and sell earlier purchased clothing from the COS brand. The company receives 10% of all the successful sales. These funds will support the project and pay for expenses. In particular, Resell will become a new online format of the well-known "discount-hand."

Resell will be launched in late September in Germany and the UK, and in other countries where COS is present, the project will start before the end of 2020.

Experts note that the Swedish company H&M is increasingly paying attention to the sale of used goods, particularly in the flagship stores of the chain that already have sections with such items. Besides, the chain has acquired a 70% stake in Sellpy, a company specializing in the sale of used goods in Sweden. This initiative is part of an ambitious H&M plan to use 100% recycled or environmentally friendly materials by 2030. The company's representatives believe that the development of second-hand projects will extend the life of its items and positively impact the environment by reducing the amount of waste.

Analysts also note that there is an active development of "second hand" in recent years in the world. According to forecasts from GlobalData experts, the world market for used clothing will double by 2023 and reach 43 billion euros.

Photo credit: depositphotos.com.

More about shopping malls in Germany



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
South Coast Plaza GLA:2 800 000 SF
ADDRESS: 3333 Bristol St, Costa Mesa, CA 92626
USA . Los Angeles
South Coast Plaza
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us