Inside Retail
FEBRUARY 12, 2023
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.
Inside Retail
AUGUST 28, 2022
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. It’s likely the technology to overcome this challenge will advance just as quickly as the resale market. Fast (preloved) fashion.
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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. . Levi’s marketers astutely recognized this trend during the pandemic and debuted Levi’s SecondHand in October 2020.
Retail TouchPoints
JUNE 30, 2021
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.
Independent Retailer
AUGUST 22, 2022
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.
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. million , or 37.2%
Inside Retail
APRIL 27, 2022
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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