Apparel Resale Growth Drives Increased Vintage and Thrift Store Presence

Published On Sep 30, 2024, 5:00 AM

The vintage and resale market is flourishing in the United States, with secondhand clothing sales growing significantly, outpacing traditional retail growth. In 2023, the used clothing market reached $43 billion, marking an increase from $23 billion in 2018, driven by growing environmental consciousness among consumers. Both independent sellers and major brands like Banana Republic and H&M are capitalizing on this trend by offering resale options. The number of resale stores has also surged, contributing to the industry's rapid expansion.

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Retail players expanding into the resale market signifies a strong potential for continued growth in the secondhand apparel sector. As major retail brands adopt resale strategies, they are likely to attract a broader audience and cater to environmentally conscious consumers. Additionally, the shift towards vintage shopping may bolster the performance of related stocks and ETFs that focus on retail and sustainability.

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Apparel Resale Growth Drives Increased Vintage and Thrift Store Presence

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Last year, apparel resale in the United States grew seven times the rate of the broader retail industry. Independent resellers and corporate giants are getting creative to meet the demand.

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