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Sensor Tower · Seema Shah · July 2024

How Vinted is Threatening Vestiaire Collective’s Path to Profitability

Vestiaire Collective has faced challenges from Vinted's rise in the second-hand luxury fashion space. Despite resilience in user engagement in Italy, Vestiaire's largest market, cross-app usage data suggests that Vinted is becoming increasingly popular amongst Vestiaire users in the market, signaling competition may intensify.

How Vinted is Threatening Vestiaire Collective’s Path to Profitability

Key Takeaways:

  • Kering-backed Vestiaire Collective, which has seen a 5% YoY decrease in MAUs in 1H24 across Europe, has launched a crowdfunding campaign earlier this year, with the aim of reaching profitability by year-end and potentially going public

  • However, Vinted’s foray into second-hand luxury fashion is threatening Vestiaire Collective’s dominance, with cross-app usage with Vinted increasing significantly among Vestiaire Collective users in Europe in recent quarters

    • In France, 81% of Vestiaire Collective Users used Vinted in 2Q24 - More than Facebook - and up 8 ppts since 2Q22

    • Vinted's rise is impacting Vestiaire Collective beyond France, with Vinted’s MAUs in the UK up 29% YoY in 1H24, while Vestiaire Collective and Lounge by Zalando saw a combined decline of 28%

    • In Italy, Vestiaire Collective’s largest market by MAUs through YTD 2024, the app has shown resilience in engagement. However, cross-app usage with Vinted, which reached 68% in 2Q24 (an increase of 8 ppts YoY), suggests that competition may continue to intensify this year

  • Luxury and designer clothing brands have increased their targeting of Vestiaire Collective users post-pandemic. Brands like Prada, Birkenstock, and Hugo Boss have boosted their advertising impressions served to Vestiaire Collective users by over 100% in the past 90 days compared to the previous 90 days

For more information, request the full report from reports@sensortower.com.


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Seema Shah

Written by: Seema Shah, VP, Insights

Date: July 2024