Second Hand Clothing Market Growth

In 2018 versus 35 billion for fast fashion say the figures from online store thredupand retail analytics firm globaldata released.

Second hand clothing market growth. Used clothing facts statistics that will blow your mind a blog post by ecogoodz a wholesale used clothing supplier. That s about 64 million of us. The second hand apparel market was worth 24 billion in the u s. When purchasing second hand clothing consumers value savings above all but also pay attention to the quality of the pieces and the trustworthiness of the seller.

This means that second hand or thrift items will make up one third of our wardrobes in 2027. Buying second hand clothes is nothing new but the sector has been growing considerably thanks to the internet. The second hand market generated 360 billion us dollars worldwide in 2017 according to fashion resale service thredup with online sales of second hand items growing 35 percent against just 8 percent for brick and mortar stores. Did you know that approximately 1 out of 5 americans shops resale.

49 percent year over year versus two percent. The following facts and statistics may surprise you. A representative study conducted by momox and market research institute gapfish in 2015 showed that 50 percent of germans already bought second hand clothing. There is more to the resale secondhand industry than you may realize.

Although the sector saw a. In fact the second hand market accounts for around 14 per cent of london s retail establishments and sales volumes across the industry grew over five per cent last year.