Louis Vuitton, Chanel, Gucci, step aside. Resale clothing shoppers are bypassing previously-owned luxury brands at discounted prices in favor of scoring secondhand mid-tier brands for less.

It designs and sells clothing articles from mid-tier to luxury segments. Ralph Lauren Corporation (NYSE:RL) is well-known around the world for its iconic polo shirts and logo symbolizing the sport.

The same report revealed that the used clothing market is expected to expand to $70 billion annually by 2027, up from current levels of around $44 billion.

Once defined by affordable, accessible fashion, the middle market in fashion retail is now squeezed between ultra-low-cost fast fashion juggernauts and mid-tier clothing brands with aspirational ...

Tanking share prices, excess stock flooding outlets, a slowdown in once-reliable China: 2024 has been a tough year for luxury brands. Gucci has become a fixture of discount racks, while Burberry's ...