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Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

That growth rate looks likely to continue, with the overall secondhand market projected to double in the next five years, reaching $77 billion in annual sales by 2025. Growing Sustainability Concerns Favor Resale Over Fast Fashion. It appears that much of that growth will come at the expense of fast fashion.

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Gen Z: Merchants of cool or brand killers?

Inside Retail

Where I once hid my habit for thrift store shopping and slinked into charity stores incognito and inconspicuously along the walls, I now proudly thrift every second weekend with my Gen Z kid and tweet about it afterwards. They’re set to account for 40 per cent of the global luxury fashion market alone by 2025.

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Jason & Scot Show Episode 300 – Goodwill Finds CEO Matt Kaness

Retail Geek

Matt: [2:02] Yeah have you too I like to think about my career or having two careers to date the first one was, very foundational for what I’m doing now but very quantitative, process-oriented mechanical engineering patent law Manufacturing, Ops Consulting things that had nothing to do with retail or fashion or e-commerce and then I. [2:32]

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Secondhand Grew 15X Faster than New Apparel Sales in 2023, but ThredUp CEO Still Sees Ample ‘White Space’

Retail TouchPoints

alone, secondhand apparel accounted for $43 billion in sales in 2023, and it’s expected to reach $73 billion by 2028. Purchasing secondhand online also opens up this world to many new consumers who had found thrift stores unappealing or intimidating, and much of that tech is just at the beginning of its journey as well. “A

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