Within the next five years, the second-hand apparel market is expected to reach 77 billion dollars, according to a new research by ThredUp based on GlobalData’s findings. Analysts say that a convergence of driving forces are making shoppers “think second-hand first”. How's your thinking?
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U.S. second-hand market to reach 77 billion dollars in the next five years
“Consumers are prioritising sustainability, retailers are starting to embrace resale,” commented thredUP co-founder and CEO James Reinhart. “We are in the early stages of a radical transformation in retail.”
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