In the turbulent economic environment, money is losing its value. Consumers are reevaluating their spending across sectors. With a looming crisis of trust in financial institutions, how are people managing their budgets? And how can brands navigate the complex relationship between value and cost?

Tapping into the growing appetite for second-hand luxury, eBay UK is expanding its authenticity guarantee scheme for pre-owned handbags sold through its marketplace. It may be an important measure in overcoming shoppers’ concerns about unknowingly buying counterfeit products online.

Dr. Martens is moving into the resale market with ReSouled, a programme that will see old boots refurbished before being sold online via Depop. It taps into the burgeoning demand for pre-loved apparel amid environmental concerns and a sense of fatigue with the quality of fast fashion.

Where the second-hand clothing industry used to conjure up images of stale thrift stores and overpacked rails, it's now emerging as an on-trend and eco-conscious alternative. What can Vinted, an online marketplace where people buy and sell pre-loved clothing, teach us about the future of retail?

People are increasingly aware of the environmental impact of their fashion choices, causing some to seek brands that tackle textile waste at the source. Having explored this behavior in our Fashion and Style Snapshot, Canvas8 spoke to eight Americans about what they value when buying new clothes.