ESB Trading Company

03/22/2024

The market, which includes apparel, footwear, and accessories, is estimated to be worth between $100 to $120 billion worldwide and has nearly tripled in size since 20201. The demand for the secondhand market is clear, with preowned clothing making up 25% of the average secondhand consumer’s wardrobe.
Sustainability is an increasingly popular driving force for purchasing secondhand clothing, as is the thrill of the hunt and the opportunity to barter with sellers. Product variety remains important and is still the second biggest driver behind secondhand consumption, no doubt powered by the increasing popularity of resale apps. The sector has also seen considerable advancements in privacy and product authentication protocols, which make it easier and safer for individuals to resell their goods online

Consulted source: BCG
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03/15/2024

Polish fashion group LPP, which operates brands such as Reserved, Cropp, House, Mohito and Sinsay, is expanding its used clothing collection programme to include some of its international retail sites.
LPP began its used clothing collection program at a small number of its domestic stores in 2018 with customers able to donate garments from any brand. By the end of 2023, the initiative was rolled out further to include all the group’s locations across Poland.

Consulted source: Ecotextile
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03/11/2024

The consumer culture on these indie reselling platforms has shifted as more sellers compete to capture demand and more inflation-weary customers hunt for deals. many of whom have been feeling the squeeze of inflation, are fiending for lower prices, leading to more heated negotiations and occasionally ruthless bidding wars.

Meanwhile, independent resellers are turning their onetime hobby into a job, sometimes even upselling items to take advantage of demand spikes. Users on platforms such as Depop and Poshmark set up online shops to list vintage, secondhand or unique items for sale and generate notable followings of loyal shoppers.
Consulted source: CNBC.
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03/07/2024

Greetings!

ESB Trading is offering a "Consolidated double chamber baling machine", perfect for small businesses. This machine is ideal for compacting used clothes and maximizing the efficiency of your recycling business.
💰Affordable price and in excellent condition. Don’t miss this opportunity!
For more details, please send me a private message. 📩

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03/01/2024

From bustling markets to cutting-edge designer studios, pre-loved garments are sparking innovation and reshaping fashion narratives across Africa. This transformative trend not only showcases the continent's unique sense of style but also highlights its ability to repurpose and reimagine fashion in an eco-conscious manner, fostering a dynamic blend of tradition and modernity.
By delving into the complexities of global trade dynamics and indigenous fashion sensibilities, we gain valuable insights into Africa's evolving fashion landscape, where used clothes serve as more than just garments—they are symbols of resilience, creativity, and economic opportunity.

Consulted source: TheConversation
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02/19/2024

“Clothing recycling is a myth”, says Greenpeace’s consumer expert Panhuber. Almost all of recycled polyester is made from PET bottles.
The claim of brands that use recycled textiles in their clothing collections might hint towards greenwashing, taking advantage of the lack of information available to consumers, and placing forward claims of sustainability in hopes of cleaning their brand image.

Consulted source: ApparelResources
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02/09/2024

In the same fashion, the Asian market is expected to growth at a fast pace, with Japan, South Korea and China leading the industry.
We are seeing new ways in which companies recycle waste. For example, Hyosung, a South Korean corporation, has started to use recycled fishing nets to produce nylon fibers and clothing.

Consulted source: FMI blog
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01/07/2024

Shein and Temu, which are able to produce and sell thousands of new styles every day at extremely low prices, are disrupting the traditional fashion cycle and creating fierce competition for market share, leading to an extreme acceleration of the fast fashion industry.
This acceleration will only continue to boost the negative impacts of fast fashion on the environment, the workers, and the overall quality of the products.
Fast fashion is only going to get faster in 2024, unless consumers demand more transparency and sustainability or governments begin imposing corrective legislation.

Consulted source: Quartz.

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12/29/2023

Merry Christmas & Happy New Year from ESB Trading!

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12/22/2023

These are some of the offers we have available at ESB Trading. We are not limited to only these products, as we can also provide linens, bikes, housewares, bric a brac, and many more types of merchandise.

Reach out to our representatives to inquiry about our deals:
WhatsApp: +(1) 609 257 2616
Visit our website to learn more about us and our products: https://www.esbtrading.com/

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12/19/2023

Second-hand clothing, once shunned by Japanese consumers, is gaining popularity in the country as people become more conscious of sustainability and individuality. A recent pop-up store by Uniqlo, Japan's largest casual clothing brand, sold used items at a third of their original price, attracting young and fashionable customers.

The trend of buying and selling pre-loved clothes is also fueled by online platforms such as Mercari and ZOZOUSED, which make it easy and convenient to trade garments. Some of these platforms also offer services such as dyeing, repairing, and customizing clothes, giving them a new life and value. Japan's second-hand clothing market is expected to grow as more people embrace the benefits of circular fashion.

Consulted source: Fashion United
Read the complete story at: https://fashionunited.in/news/retail/second-hand-clothes-finally-take-off-in-japan/2023121942909

12/15/2023

The fashion industry is one of the biggest contributors to global environmental and social issues, but the public does not have access to reliable data on how many clothes are produced, overproduced, and destroyed each year. This lack of transparency and accountability prevents effective measurement and reduction of the industry’s impacts, according to a recent article by Vogue Business.
The article estimates that the global apparel market was worth $1.9 trillion in 2019, and that the industry emits more greenhouse gases than all international flights and maritime shipping combined. It also highlights the challenges of recycling and circularity, as most clothes are made from mixed materials that are hard to separate and reuse.
Vogue is calling out for more regulation and action from governments, industry bodies, and consumers to address the overproduction issue, suggesting that mandatory reporting of production volumes and environmental impacts, as well as incentives and penalties for reducing waste and emissions, could help improve the industry’s transparency and accountability.
Consulted source: Vogue Business.
Read the complete story at: https://www.voguebusiness.com/story/sustainability/why-dont-we-know-how-many-clothes-fashion-produces-overproduction-speak-volumes
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12/11/2023

In his inaugural speech, the new president of Argentina, Javier Milei, reflects on the poor condition of the country, both politically and economically. Announcing his “shock plan”, Milei warns Argentinians that the new policies will badly affect the economy at first, stating “there’s no money, no alternative to the ‘shock’”. These adjustments are key for the country, as they intend to be the first phase of economic uprising.
All eyes are on Milei’s new economic measures, as the country faces an astonishing debt of more than $100,000 million dollars, as well as an annual inflation rate of 15,000%.
Milei is guiding every measure to combat these economical indexes, stating “even after having a very challenging economical landscape, there will be light at the end of the tunnel”.

Consulted source: El Economista (story), NBC News (photo).
Read the complete story at: https://www.eleconomista.es/economia/noticias/12577266/12/23/milei-advierte-tras-tomar-posesion-de-que-la-economia-argentina-empeorara-antes-de-la-recuperacion.html

12/08/2023

The potential ban will not only affect retailers and shop owners, but also Ugandan citizens. A third of Uganda’s population relies on buying used clothing to satisfy their needs, since buying new garments is too expensive for the local economy.
Both buyers and sellers are questioning the government decision on the potential ban, feeling left out and confused with the government’s plan to grow the domestic clothing industry.

Consulted source: Monitor
Read the complete story at: https://www.monitor.co.ug/uganda/news/national/-where-is-our-future-uganda-declares-war-on-used-clothing-4455128

01/20/2022