Is your closet a secret goldmine? The resale business is hot and changing the way people shop

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Any stigma of buying fashion secondhand is gone. Shoppers are running mini resale businesses as the investment value of certain luxury brands has soared.

Most of the time, the process requires just a few minutes and taps on her phone: She snaps several photos of the clothing item, names her price and lists it onRempalski, 26, a content creator who lives in Los Angeles, proudly says that the items in her closet are “always in circulation,” both to maximize space in her apartment’s small closet and to rotate new garments into the mix without feeling like she’s contributing to the fashion waste cycle.

Mik Yu, who has a side hustle selling clothes, shops for bargains at the Rose Bowl Flea Market in Pasadena on Sunday. She goes thrifting every weekend. “I used to say to myself, ‘Where are people wearing the handbags?’ but it wasn’t because they were wearing them, it was because they wanted the investment value in them, and they started to realize that holding on to the goods was a really smart investment and a great way to spend money and time.”

Lindsey Rempalski is passionate about sustainable fashion and likes to shop secondhand, either online or at local flea markets, to avoid creating clothing waste.Most popular platforms make money by taking a cut of what each item sells for, usually between 10% and 20%. The RealReal takes more — between 25% and 80% — based on the item’s price range.

 

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