Vinted profit17 May 2024 16:14
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Vinted posting their first profit despite spending hundreds of millions on marketing.
Resale is now growing exponentially in the UK via tech, driven by the 20 somethings, and will always perform well in difficult economic times.
They’re making profit from the resale of asos clothing during a time where asos is making a loss, so worth consideration as it accelerates. It’s one way to get money in customers accounts even when they don’t have much in the bank.