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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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From Unwanted to Pre-Loved: the Branding Lessons from Poshmark and Mercari

Retail TouchPoints

What were previously unwanted and undesirable items dumped at a thrift store have become valued as pre-loved items, full of potential for their next owner. The credentials to create a more sustainable future were never seriously acknowledged, but this has become a key selling point for pre-loved fashion.

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The rise of second-hand shopping in Australia: A cultural and economic shift

Inside Retail

Unlike conventional retail, where stock is predictable and replenished regularly, thrift stores and resale platforms offer the sense of adventure and unpredictability. As a result, consumers are turning and looking to second-hand shopping as a more sustainable alternative to fast fashion.

Shopping 130
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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 325
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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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Secondhand Grew 15X Faster than New Apparel Sales in 2023, but ThredUp CEO Still Sees Ample ‘White Space’

Retail TouchPoints

Purchasing secondhand online also opens up this world to many new consumers who had found thrift stores unappealing or intimidating, and much of that tech is just at the beginning of its journey as well. “A The Americas Trade and Investment Act (Americas Act for short) is designed to promote economic potential in the U.S.

Apparel 278
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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. It’s likely the technology to overcome this challenge will advance just as quickly as the resale market. Fast (preloved) fashion.