World & BusinessH&M’s Sellpy and the economics of $5 used dresses
Bloomberg reports that H&M’s secondhand clothing unit is growing fast but still cannot turn a profit.
TLDR
Making money selling used dresses for $5 is proving difficult for H&M’s Sellpy unit, Bloomberg reports. The secondhand clothing business is growing fast, but that growth has yet to translate into profitability.
H&M’s Sellpy and the economics of $5 used dresses
Bloomberg reports that H&M’s secondhand clothing unit is growing fast but still cannot turn a profit.
TLDR
Making money selling used dresses for $5 is proving difficult for H&M’s Sellpy unit, Bloomberg reports. The secondhand clothing business is growing fast, but that growth has yet to translate into profitability.