×
60 426
Fashion Jobs
NEIMAN MARCUS
Sales Manager, Handbags - Las Vegas
Permanent · Las Vegas
BLOOMINGDALE'S
Registry Consultant, Full Time - Short Hills
Permanent · Millburn
MACY'S
Asset Protection Detective, Walnut Creek Broadway Plaza - Full Time
Permanent · Walnut Creek
MACY'S
Asset Protection Detective, Valley Fair - Full Time
Permanent · Santa Clara
MACY'S
Asset Protection Detective, Valencia Town Center - Full Time
Permanent · Santa Clarita
MACY'S
Asset Protection Detective, Pentagon City - Part Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Deerbrook Mall - Full Time
Permanent · Humble
MACY'S
Asset Protection Detective, Orland Square - Part Time
Permanent · Orland Park
ROSS STORES
Senior Manager, Fixture Quality
Permanent · Dublin
OLD NAVY
District Manager - Colorado South
Permanent · Lakewood
OLD NAVY
General Manager - Shops at Stonewall
Permanent · Gainesville
NORDSTROM
Assistant General Manager - Ruscello - South Coast Plaza
Permanent · Costa Mesa
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
TJX COMPANIES
Product Manager
Permanent · Framingham
HOMEGOODS
70118-lp Detective
Permanent · Raleigh
TJ MAXX
District Loss Prevention Manager - Los Angeles, ca
Permanent · Culver City
TJX COMPANIES
Loss Prevention Investigator (National Task Force) - Deptford, nj
Permanent · Deptford
TJ MAXX
Warehouse Supervisor
Permanent · University Park
TJX COMPANIES
Product Manager
Permanent · Framingham
TJ MAXX
Loss Prevention Detective
Permanent · Somerville
TJ MAXX
tj Maxx Loss Prevention Detective Full-Time
Permanent · Denver
TJ MAXX
Loss Prevention Detective
Permanent · Boston
Published
May 18, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

U.S. secondhand market to double by 2026: ThredUp

Published
May 18, 2022

Online resale platform ThredUp launched on Tuesday the results of its 2022 'Resale Report' revealing that secondhand shopping is becoming a global phenomenon led by North America. 

The global secondhand apparel market will grow 127% by 2026 – more than 3 times faster than the global apparel market overall - Facebook: ThredUp


This year's report, released in partnership with GlobalData, shows that the global secondhand apparel market will grow 127% by 2026 – more than 3 times faster than the global apparel market overall.

The growth is being spearheaded by U.S. consumers with the U.S. secondhand market expected to more than double by 2026, reaching $82 billion. That follows a record growth year in 2021 for secondhand, up 32%.

It's technology and online marketplaces that are driving the growth of the U.S. secondhand market, according to the report. In fact, 50% of total secondhand dollars are expected to come from online resale by 2024.

The growth also comes as inflation continues to worry consumers. Among respondents, 58% of consumers say secondhand has helped them in some way during a time of inflation. Looking ahead, 25% of consumers say they'll consider buying more secondhand products if prices in apparel, footwear, and accessories keep rising.

And with consumers embracing secondhand shopping, so are brands. Brands with resale shops increased 275% in 2021 compared to 2020, according to the Recommerce 100. Among retail executives who currently offer resale, 88% say it's helping drive revenue.

"The last 10 years of resale were dominated by marketplaces, but brands and retailers are driving the next wave of secondhand. We're still in the very beginning of this trend, but the acceleration of resale adoption is a positive signal with enormous benefits for the planet, ” said James Reinhart, ThredUp CEO and co-founder. 

With more consumers turning to secondhand shopping, resale is proving to be a powerful solution to the fashion industry's wastefulness. Secondhand displaced nearly one billion new clothing purchases in 2021, and nearly 2 in 3 consumers believe their individual consumption habits have a significant impact on the planet.

"Resale has emerged from the pandemic in an extremely strong position,” added Neil Saunders, managing director, GlobalData.

“More consumers are shopping secondhand, growth has accelerated, and the interest from traditional retailers has soared. The economic outlook remains uncertain, but with inflation driving apparel prices higher and higher, more shoppers appear to be turning to secondhand to make their budgets stretch further."

Copyright © 2022 FashionNetwork.com All rights reserved.