Brief: ThredUp Says Co's 2022 Resale Report Estimates U.S. Secondhand Market Projected To Double By 2026

ThredUp

17/05/2022 11:00

May 17 (Reuters) - THREDUP:
    * THREDUP SAYS CO'S 2022 RESALE REPORT ESTIMATES THAT THE
U.S.
SECONDHAND MARKET IS PROJECTED TO DOUBLE BY 2026, REACHING $82
BILLION
    * THREDUP - ONLINE RESALE IS THE FASTEST-GROWING SECTOR OF
SECONDHAND MARKET AND IS EXPECTED TO GROW NEARLY 4 TIMES BY 2026
    * THREDUP - RESALE IS EXPECTED TO GROW 16 TIMES FASTER THAN
BROADER RETAIL CLOTHING SECTOR BY 2026
    * THREDUP - 25% OF CONSUMERS SAY THEY’LL CONSIDER BUYING
MORE
SECONDHAND PRODUCTS IF PRICES IN APPAREL, FOOTWEAR, AND
ACCESSORIES KEEP RISING
    * THREDUP - 50% OF TOTAL SECONDHAND DOLLARS ARE EXPECTED TO
COME
FROM ONLINE RESALE BY 2024
    * THREDUP - 58% OF CONSUMERS SAY SECONDHAND HAS HELPED THEM
IN
SOME WAY DURING A TIME OF INFLATION
    * THREDUP - BRANDS WITH RESALE SHOPS INCREASED 275% IN 2021
COMPARED TO 2020, ACCORDING TO RECOMMERCE 100
    * THREDUP - 65% OF CONSUMERS WHO SHOP FAST FASHION SAY THEY
ASPIRE
TO BUY MORE SECONDHAND FASHION


 ((Reuters.Briefs@thomsonreuters.com;))