Latest news with #VintedGo
North Wales Chronicle
5 days ago
- Business
- North Wales Chronicle
Royal Mail updates lockers and parcel shops for Vinted users
The mail service's 2,000 lockers (open 24/7) and nearly all of its 8,000 Collect+ Parcelshops across the UK will be available to use for this. The majority of Royal Mail's Collect+ Parcelshops are open seven days a week including evenings and weekends. Previously, sellers on Vinted were able to send the parcels via the network of lockers and Parcelshops but now Vinted buyers will be able to collect their purchases from the locations too. 🤩 An amazing view from the Yorkshire Dales. Thanks to theyorkshiredales_postman via Instagram for the 📸 Vinted is a second-hand fashion marketplace in Europe and a destination for all kinds of second-hand items, with millions of members across the UK. Royal Mail said the expanded range of delivery options will make it more convenient to buy and sell pre-loved items on Vinted. While the new change means more delivery and collection options for buyers and sellers on Vinted, the Royal Mail home delivery option is still available. As well as the locker and Collect+ Parcelshop networks, Vinted customers can use 11,500 Post Office branches, 1,200 Royal Mail Customer Service Points, meaning they have a choice of more than 22,000 locations. This comes after Royal Mail recently made it possible to send larger parcels through postboxes and request proof of posting on its app. In April, the company launched a pilot of its solar-powered postboxes of the future, featuring a slot to allow customers to drop off larger parcels and get digital proof of posting via the Royal Mail app. This will be rolled out to Vinted users in the coming months. Alistair Cochrane, interim Chief Executive Officer at Royal Mail, said: 'We're committed to making it as convenient as possible for our customers to send and collect parcels, whether at home or through our growing network of out-of-home locations. Check out this stunning view 😍 up in the Scottish Highlands! Thanks so much to georgespostieround via Instagram for letting us share this amazing 📸 Recommended reading: Royal Mail makes 'really important' change to postbox parcel delivery service How do I register a new postal address? All you need to know Royal Mail text scam that is 'terrifyingly believable' could access your bank account 'We're excited to take our partnership with Vinted to the next level and we're ramping up to deliver tens of millions of pre-loved items up and down the UK.' Vytautas Atkoičaitis, Vice President of Vinted Go, said: 'We're excited to expand our partnership with Royal Mail and give Vinted members full access to their UK-wide parcel pick-up and drop-off network. 'Royal Mail's new Local Collect service, which makes new PUDO points available for our members, supports our commitment to cost-efficient, convenient, and more sustainable shipping, making it even easier for people across the country to buy and sell pre-loved items on Vinted.'
Fashion Network
30-04-2025
- Business
- Fashion Network
Vinted quadruples profit in 2024 as revenue climbs to €813.4 million
The Lithuanian leader in second-hand sales announced it generated €813.4 million in revenue in 2024. This 36% increase is especially notable for the 330% surge in net profit, which reached €76.7 million for the fiscal year, just one year after the company first became profitable. In 2023, the company had posted €17.8 million in net profit. Since then, its adjusted EBITDA has grown from €76.6 million to €158.9 million. The group attributes this growth partly to the rollout of new product categories, including luxury goods and high-tech offerings. Meanwhile, Vinted Go continued to grow its low-cost logistics service, supporting both its own sales volume and that of third-party brands. Currently available in France and the Benelux region, the service is scheduled to expand into Spain and Portugal in 2025. For CEO Thomas Plantenga, the results reflect a 'combination of scaling, innovation, and cost control,' he explained. 'Given the market's potential size, we know there are huge opportunities ahead and a lot of work to do to capture them. We see our current position as a strong foundation to build that future, and we will continue to learn and improve. We are at the beginning of the journey and aiming high.' The announcement also allowed Vinted to unveil Vinted Ventures, a new investment initiative to identify and support entrepreneurs and startups entering the 're-commerce' (second-hand online commerce) space and its value chain. The company has hinted at the launch of new product categories in 2025. Vinted Marketplace CEO Adam Jay recently told that the platform plans to broaden its offering while maintaining a core focus on apparel. Currently active in 22 European countries, Vinted also announced plans to continue expanding geographically. France remained its largest market last year, followed by the United Kingdom, Germany, and Italy. Founded in 2008 in Vilnius, Vinted indicated at the end of 2024 that it has no immediate plans to go public, even after reaching a €5 billion valuation following a secondary investment round. The company's workforce grew by 19% in 2024, reaching 2,200 employees.
Fashion Network
30-04-2025
- Business
- Fashion Network
Vinted quadruples profit in 2024 as revenue climbs to €813.4 million
The Lithuanian leader in second-hand sales announced it generated €813.4 million in revenue in 2024. This 36% increase is especially notable for the 330% surge in net profit, which reached €76.7 million for the fiscal year, just one year after the company first became profitable . Vinted CEO Thomas Plantenga - Viinted In 2023, the company had posted €17.8 million in net profit. Since then, its adjusted EBITDA has grown from €76.6 million to €158.9 million. The group attributes this growth partly to the rollout of new product categories, including luxury goods and high-tech offerings. Meanwhile, Vinted Go continued to grow its low-cost logistics service, supporting both its own sales volume and that of third-party brands. Currently available in France and the Benelux region, the service is scheduled to expand into Spain and Portugal in 2025.
Fashion Network
29-04-2025
- Business
- Fashion Network
Vinted quadruples profit in 2024 as revenue climbs to €813.4 million
The Lithuanian leader in second-hand sales announced it generated €813.4 million in revenue in 2024. This 36% increase is especially notable for the 330% surge in net profit, which reached €76.7 million for the fiscal year, just one year after the company first became profitable. In 2023, the company had posted €17.8 million in net profit. Since then, its adjusted EBITDA has grown from €76.6 million to €158.9 million. The group attributes this growth partly to the rollout of new product categories, including luxury goods and high-tech offerings. Meanwhile, Vinted Go continued to grow its low-cost logistics service, supporting both its own sales volume and that of third-party brands. Currently available in France and the Benelux region, the service is scheduled to expand into Spain and Portugal in 2025. For CEO Thomas Plantenga, the results reflect a 'combination of scaling, innovation, and cost control,' he explained. 'Given the market's potential size, we know there are huge opportunities ahead and a lot of work to do to capture them. We see our current position as a strong foundation to build that future, and we will continue to learn and improve. We are at the beginning of the journey and aiming high.' The announcement also allowed Vinted to unveil Vinted Ventures, a new investment initiative to identify and support entrepreneurs and startups entering the 're-commerce' (second-hand online commerce) space and its value chain. The company has hinted at the launch of new product categories in 2025. Vinted Marketplace CEO Adam Jay recently told that the platform plans to broaden its offering while maintaining a core focus on apparel. Currently active in 22 European countries, Vinted also announced plans to continue expanding geographically. France remained its largest market last year, followed by the United Kingdom, Germany, and Italy. Founded in 2008 in Vilnius, Vinted indicated at the end of 2024 that it has no immediate plans to go public, even after reaching a €5 billion valuation following a secondary investment round. The company's workforce grew by 19% in 2024, reaching 2,200 employees.
Fashion Network
29-04-2025
- Business
- Fashion Network
Vinted quadruples profit in 2024 as revenue climbs to €813.4 million
The Lithuanian leader in second-hand sales announced it generated €813.4 million in revenue in 2024. This 36% increase is especially notable for the 330% surge in net profit, which reached €76.7 million for the fiscal year, just one year after the company first became profitable. In 2023, the company had posted €17.8 million in net profit. Since then, its adjusted EBITDA has grown from €76.6 million to €158.9 million. The group attributes this growth partly to the rollout of new product categories, including luxury goods and high-tech offerings. Meanwhile, Vinted Go continued to grow its low-cost logistics service, supporting both its own sales volume and that of third-party brands. Currently available in France and the Benelux region, the service is scheduled to expand into Spain and Portugal in 2025. For CEO Thomas Plantenga, the results reflect a 'combination of scaling, innovation, and cost control,' he explained. 'Given the market's potential size, we know there are huge opportunities ahead and a lot of work to do to capture them. We see our current position as a strong foundation to build that future, and we will continue to learn and improve. We are at the beginning of the journey and aiming high.' The announcement also allowed Vinted to unveil Vinted Ventures, a new investment initiative to identify and support entrepreneurs and startups entering the 're-commerce' (second-hand online commerce) space and its value chain. The company has hinted at the launch of new product categories in 2025. Vinted Marketplace CEO Adam Jay recently told that the platform plans to broaden its offering while maintaining a core focus on apparel. Currently active in 22 European countries, Vinted also announced plans to continue expanding geographically. France remained its largest market last year, followed by the United Kingdom, Germany, and Italy. Founded in 2008 in Vilnius, Vinted indicated at the end of 2024 that it has no immediate plans to go public, even after reaching a €5 billion valuation following a secondary investment round. The company's workforce grew by 19% in 2024, reaching 2,200 employees.
