Rise Of The Resale Business In The Retail World

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The second hand clothing business has become a mainstream part of the fashion world. According to Statista, “In 2021, the global market value of secondhand and resale apparel was estimated to be worth 96 billion U.S. dollars.”

Younger generations are drawn to shop these pre-owned goods, not only because they can often cost less, but because it is more environmentally friendly. Today, the ability to purchase secondhand clothing through apps and websites makes the process much simpler too, as opposed to having to sift through racks at a physical store location., an online marketplace and a physical in-store experience housed in the Nordstrom NYC flagship store.

"LanzaTech has the technology that can help fashion brands and retailers limit their carbon impact. By working with Zara, we have found a new pathway to recycle carbon emissions to make fabric,” said Jennifer Holmgren, Chief Executive at LanzaTech. The company is also partnering with Lulu Lemon to produce garments made from captured carbon emissions.

Approximately 85% of unwanted textiles in North America end up in landfills – which amounts to more than 11 billion kilograms a year. Recycling clothing into new garments is very costly and difficult.states that of all of the material used to make its estimated half a billion garments a year, only 0.7% is recycled material. However, the company also stated in the report that their goal is to use 100% recycled or other sustainably sourced materials by 2030 at the latest.

 

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