Retail TouchPoints

JUNE 30, 2021

While the pandemic had a chilling effect on apparel sales as a whole, the resale sector was blazing hot: it grew 29% in 2020 to capture $9 billion in U.S. 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.

Fast Fashion 264

Fast Fashion Fashion Apparel Thrift Store 264

Retail TouchPoints

MARCH 27, 2024

But as ThredUp ’s 12th annual Resale Report shows, the need for a hard sell is over — consumers of all ages have clearly bought into the idea, with secondhand apparel sales growing 15X faster than the broader retail clothing sector in 2023. In the U.S. In the U.S.

Apparel 253

Apparel Fast Fashion Fashion Thrift Store 253

Retail TouchPoints

JANUARY 4, 2022

The resale market is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030, far eclipsing the predicted $40 billion market for fast fashion. . In fact, apparel resale revenues are growing 24 times faster than retail apparel sales. . Understanding the Resale Phenomenon.

Consumer 316

Consumer Thrift Store Apparel Returns 316

Indigo 9 Digital

DECEMBER 14, 2022

By Tricia McKinnon When you are shopping for a new outfit do you buy new or do you spend your time sifting through racks of clothing in a thrift store? While many people still like the treasure hunt aspect of going to a thrift store some find it more convenient to shop for secondhand apparel online. of revenue.

Thrift Store 52

Thrift Store Fast Fashion Apparel Marketing 52

Independent Retailer

AUGUST 22, 2022

Americans are Making Use of Reduced Clothing Prices, Thrift Stores, & Second Hand Market Places. Two-in-five are primarily buying sale or discounted apparel to make up for inflated prices (40%). Within this figure, 24 percent are turning to thrift shops or second hand stores and marketplaces more than ever.

Thrift Store 74

Thrift Store Fast Fashion Apparel Consumer 74

Retail Geek

JANUARY 6, 2023

You’re back into fashion as much as I really thought that there was this route there’s a unique opportunity with lucky they were. Over a billion in gmv which is to say the direct to Consumer wholesale and the value of their licensing business in the market was over a billion dollars. For an older Millennial younger Gen-X.

Merchant Services 52

Merchant Services Consumer Fashion Marketing 52