Resale market expected to be valued at $64 billion in 5 years, as used clothing takes over closets
A ThredUp warehouse.
Source: ThredUp
Despite the coronavirus pandemic upending much of the retail industry and putting a damper on apparel sales, the secondhand clothing market is still expected to boom, according to one online, resale marketplace.
The secondhand apparel market is valued at about $28 billion today and is forecast to reach $64 billion within the next five years, ThredUp…
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