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    Maggie Maybe (maggiejk@zeroes.ca)'s status on Sunday, 31-Mar-2024 00:38:47 JST Maggie Maybe Maggie Maybe

    This is pretty great too, except most of the clothes that have been made in the past few years that weren’t luxury brands won’t last long enough to make it to secondhand stores, but I still love to see this.

    “The global secondhand clothing market is outpacing the overall retail sector and is predicted to increase at a 12 percent compound annual growth rate (CAGR) to $350 billion by 2028.
    The used apparel market in the U.S. outpaced the overall retail clothing market by seven times last year. By 2028, it is projected to reach $73 billion.
    Within five years, the report expects to see online resale clothing more than double to $40 billion at a CAGR of 17 percent.”
    https://popularresistance.org/secondhand-clothing-market-in-us-grew-7x-faster-than-general-clothing-retail/

    #ReduceReuseRepairRecycle

    In conversation about a year ago from zeroes.ca permalink

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      Used Clothing Market In US Grew 7x Faster Than General Clothing Retail - PopularResistance.Org
      Sales of secondhand clothing are on their way to making up 10 percent of the fashion market worldwide, as environmental concerns and high prices inspire consumers to shop for pre-loved items, according to a 2024 Resale Report by online thrift and consignment shop ThredUp. The 12th annual study, conducted by analytics firm GlobalData, includes projections through 2033. Its findings are based on a survey of 3,654 consumers in the United States, as well as a survey of 50 of the country’s top fashion brands and retailers, a press release from ThredUp said.

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