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Podcast: The Glossy Podcast
Episode: Fashionphile's Ben Hemminger: 'We don't desire to be in every single channel'
Description: As the co-founder and CEO of 20-year-old luxury fashion resale company Fashionphile, Ben Hemminger has seen the business from its early-stage scrappiness to clearing the $400 million in revenue mark in 2021.Hemminger told Glossy that the company has been profitable since its inception, and resale's growing popularity has undoubtedly helped. According to Statista, the global secondhand market will be worth at least $100 billion by 2026.With new-to-market competitors cashing in on consumers' increased demand for resale accessories and apparel, Fashionphile is now shifting its focus to acquire new customers and maintain relevancy in the marketplace. Last year...