Resale Is Expected To Be Bigger Than Fast Fashion Within 10 Years
by MR Magazine Staff
Apr 04, 2018
The growth of resale — especially online — has been one of the biggest shifts in retail we’ve seen in recent memory. And based on a new report, that shift shows no signs of slowing down. On Tuesday, leading resale site Thredup released its annual report covering the present and future of the resale market as a whole. It posits that the resale market will be worth $41 billion by 2022, and 49 percent of that will be apparel. We knew resale was thriving, but were surprised to learn how quickly it may overtake other markets and shopping methods — including fast fashion — and how millennials, despite being broadly wasteful, are driving this movement. Read more at Fashionista.
