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Second-hand marketplace Vinted has a reported sharp rise in revenue and profits for 2024, fuelled by growing consumer appetite for affordable pre-owned goods and ongoing expansion across Europe. The Lithuanian-based business posted a netprofit of 76.7m, up from 17.8m the previous year, as sales climbed 36% to 813.4m.
Meanwhile, its netprofit fell by over 30 per cent to $8.3 Caring about every dollar Mark Coulter, Temple & Webster co-founder and CEO, attributes the business’ strong start to the year to a change in consumer sentiment, as well as an enhanced focus on value – which is resonating with its customer base in a retail recession.
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