Consumers, spooked by accelerating job cuts, looming recession fears and continuing high prices for goods and services in 2023, are trading down when they’re shopping, and that includes in secondhand stores. Demand for secondhand goods remains red hot, with the resale market expected to reach $82 billion in sales by 2026, nearly doubling from $43 billion in 2022, according to industry data.
“A potential recession, the climate crisis, and global unrest are all reasons that, going into 2023, consumers are making shopping decisions based on value,” Rati Sahi Levesque, co-CEO and president of The RealReal, said in the report. As they embrace lower prices, resale shoppers have become less picky about the condition of the items they buy.
Who cares
Ripple Effect
👍 no point buying an expensive purse if u don’t have money to put in it 🙄
excellent news
You guys are so corrupt unbelievable, if people are paying attention they 'll see CNN only working for white people countries, and Democratic party and Republican that's all it's very clear, when last any body in this platform ever hear CNN talking about Haiti, only migrants?
The IRGC has surrounded the city of Zahedan . While Internet is shutdown, they blocked all roads leading to the city and set up dangerous checkpoints. Dozens of people have been arrested in this city. We are deeply worried about the people in Zahedan. IRGCterrorists
Cause of supply (to many) and demand (no one wants to pay that much)
Chanel is my favorite it’s an investment
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