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Step inside the UK’s first department store for secondhand clothes

Inside Retail

An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fast fashion brand closed down. It’s now a vibrant pop-up department store selling pre-loved clothing organised collaboratively by 10 charities.

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Tommy Hilfiger gets thrifty with ThredUp

Inside Retail

ThredUp’s 2022 Resale report shows that the secondhand market in the US is expected to more than double by 2026, taking its value to an estimated $82 billion in just four short years. Some brands are incorporating fit technology into the process, making it easy for customers to take their measurements at home. Fast (preloved) fashion.

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What Recommerce can Teach Retailers About New Consumer Behaviors and Future-Proofing Sales

Retail TouchPoints

This trend involves brands reselling previously owned products at a discount — and it’s caught on quickly. 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. .

Consumer 316
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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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Research Reveals How Americans are Adjusting to Inflation

Independent Retailer

Americans are Making Use of Reduced Clothing Prices, Thrift Stores, & Second Hand Market Places. Worryingly, on an environmental level, one-in-ten are turning to “fast fashion” apparel more than ever due to such cheap prices. Additionally, 18 percent are cutting down on designer clothes and accessories.

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8 Things to Know About ThredUp’s Growth & Challenges

Indigo 9 Digital

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.

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Gen Z: Merchants of cool or brand killers?

Inside Retail

A generation that sees shopping as binary: “I want brand X, therefore I need to shop at store Y”. The first generation to be born into ‘Internet of Things life’, Millennials are influenced by both those seated at the dinner table, and their peers on socials. Gen Z are the cool kids’ table down at the local café.