Global Secondhand Market to Reach $350 Billion by 2027, ThredUp Says

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With online platforms leading the charge, the global secondhand market is set to nearly double by 2027, reaching $350 billion, according to market data by GlobalData for ThredUp. ⁠

businesses are getting consumers addicted,” Marino said. “The same shoppers that want to pursue more resale are saying they are ‘addicted to the fast-fashion drug’ and need help.”

Retailers are tasked with changes, too, with resale driving ROI and investor approval in many cases. “Our number-one goal is to help them make money in the resale business,” Marino said. “If a brand or retailer can answer clearly what their goal is then that [determines] a marketing partnership [from] a resale business that can be large and profitable.”

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ThredUP CEO says secondhand clothing market's 'best years' are aheadThe secondhand clothing market is surging, and both older and younger generations have jumped on the trend. ThredUP CEO James Reinhart says its best years are just ahead. You bet they are 💪♻️🛍
Source: FoxBusiness - 🏆 458. / 53 Read more »