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Resale sector exploding, set to hit $64 billion in 5 years, report - Business Insider

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Resale is expected to hit $64 billion in the next 5 years, a new report shows. Here's why the sector is defying the retail meltdown and exploding in spite of the pandemic.

estimates that the total secondhand market is projected to go from $28 billion to $64 billion by 2025 despite headwinds across the retail industry as a result of the pandemic.

In the foreword to the report, thredUp president Anthony S. Marino said that the pandemic seems to have catalyzed changes were that were already taking place in retail.

 

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