News

Against the backdrop of increasing global environmental awareness, the market for second-hand apparel, footwear, and bags is flourishing and has become a unique landscape in the global economy.

HMS plans to launch the "Textile to Tech" training program in Guangdong, China. In some communities, children and adolescents who collect 10kg of used textiles can participate in a free "Second-hand Textile Appraiser" training course organized by HMS.

HMS is piloting a "Honeycomb-Agent Community" model across Africa that uses WhatsApp groups to cluster small- and mid-size wholesalers in selected regions. Every week members receive a curated discount list from the company’s standalone site. 

HMS, an independent online platform, has developed an AI-powered product selection tool that integrates various dimensions such as trending lists from mainstream social media platforms like TikTok, climate data from key secondhand clothing markets, and consumer preferences in different regions to forecast the demand for secondhand clothing in various countries.

The global The second-hand shoe market continues to grow. According to QYResearch, the used shoe market is expected to maintain an upward trajectory in the coming years. Online platforms have become the mainstream way of selling, providing consumers around the world with greater convenience and more choice.

According to a report by Fortune Business Insights on the global secondhand clothing market, it is expected to reach $42.88 billion in 2024, with a compound annual growth rate (CAGR) of 7.2% from 2025 to 2033, reaching $85.76 billion by 2033. 

Abuja/Lagos – Nigeria's tariff regime is tightening again. After hiking rice duty from 50 % to 60 % and wheat to 70 % in 2023-24, Abuja has now pushed baggage import tax from 25 % to 40 %, while Accra's new gram-based levy adds US$0.50 per piece for items >500 g.

Brussels, 16 April 2025 – The European Commission adopted the 2025-2030 Work Programme under the Ecodesign for Sustainable Products Regulation (ESPR) and the Energy Labelling Framework. The package will impose ecodesign and digital disclosure rules to make sustainable, repairable and energy-efficient products the norm across the Single Market.

Rising prices, sustainability concerns and booming online resale have turbo-charged demand. Yet fast-fashion’s continued growth has driven the reuse rate of old garments down from 80 % to 50 %, leaving an estimated US$84 billion supply-demand gap by 2027.