H&M’s online second-hand shop Sellpy launches in Germany, Retail News, ET Retail

Davida Erdahl

STOCKHOLM : Swedish online next-hand store Sellpy, which is bulk-owned by style giant H&M, has released in Germany in a initial move outside the house its household current market as it bets on shoppers trending in direction of more sustainable consumption.

The start-up handles the entire income system from selecting up the products from sellers’ houses, to photographing, selling and shipping.

Sellpy declared in May possibly that it would double its warehouse potential in Sweden, to in the vicinity of 8 million objects each year, owing to powerful desire. Due to the fact Sellpy’s basis in 2014, more than 6 million objects have been sold as a result of the platform, it explained.

The next-hand current market is 1 of the quickest escalating economic sectors in just the style business, Sellpy and H&M explained in a joint statement on Monday.

H&M initial invested in Sellpy in 2015 and now holds

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