Preloved luxury handbags are being traded in exchange for credit on FarFetch’s new platform, Second Life. With attitudes to luxury goods shifting towards sustainability, there are opportunities to challenge the luxury mentality of newness, while also addressing the issue of high return rates.

As fast fashion begins to fall out of favour due to mounting ethical and environmental concerns, the market for second-hand clothing is surging. But how exactly can buying pre-loved apparel help people live more sustainably? And what other factors are fuelling the resale segment?

Anyone can buy an expensive new jacket or tea set from a luxury boutique (given enough funds in their bank account), but only a discerning shopper can pluck a gem from a charity shop. Canvas8 spoke to Shelly Steward to understand how thrift stores can provide people with valuable cultural capital.

P2P resale platforms such as Depop have boomed in recent years, but do brands have anything to fear from these digital communities? Canvas8 spoke to Dr. Catherine Armstrong Soule, an assistant professor Western Washington University, to discover how social selling impacts brand perceptions and loyalty.