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Sales of secondhand clothing are on their way to making up 10% of the global fashion market, following environmental concerns and high prices
Apparel is experiencing a “seismic shift” with the secondhand market set to grow three times faster than overall global fashion.
What is behind the growing trend for resale and rental in fashion and what does it mean for the apparel sector and consumers?
Resale and rental plans in fashion are growing despite some high profile setbacks from the RealReal, ThredUp and others in the stock market.
For millions, shopping thrift has become second nature. And this demand is altering what secondhand represents to many, as prices climb and outlets become saturated.