Remove Fashion Remove Fast Fashion Remove Marketing Remove Thrift Store
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tommy Hilfiger gets thrifty with ThredUp

Inside Retail

Preppy US fashion brand Tommy Hilfiger has partnered with online thrift and consignment store ThredUp to launch a resale program for eligible preloved clothing. The initiative is part of Tommy Hilfiger’s commitment to creating a more sustainable future in fashion, giving its clothing a second life.

article thumbnail

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

Retail TouchPoints

With more than half of all consumers shopping for secondhand apparel last year, it’s evident that resale is now firmly embedded in the fashion landscape ,” said Neil Saunders, Managing Director at GlobalData , which conducted the research for the report, in a statement. In the U.S. Now the question is: Where does resale go from here?

Apparel 237
article thumbnail

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

Retail TouchPoints

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. . Levi’s marketers astutely recognized this trend during the pandemic and debuted Levi’s SecondHand in October 2020.

Consumer 304
article thumbnail

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. million , or 37.2%

article thumbnail

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.