In a study ThredUp completed recently, the company found that secondhand sales are expected to double in the next 10 years. Secondhand sales were 3 per cent of total apparel sales in 2009, 7 per cent in 2019 and are projected by the company’s study to be 17 per cent by 2029.
Eighty two per cent cent of people surveyed have bought, or are ready to shop for, secondhand clothes when money gets tighter. Their study showed that this favorable attitude toward secondhand clothing has been steadily increasing: In 2019, the percentage of consumers with a favorable attitude was 70 per cent; in 2018, 64 per cent; in 2017, 52 per cent; and in 2016, 45.per cent
ThredUp has an inventory of over 750,000 previously worn garments. They range from high -priced items from Louis Vuitton, Burberry, Halston and Gucci to popular priced choices from Torrid, Doc Martens, Vera Bradley VRA , Nike NKE and others. Top sellers range from Gucci satchels, Tory Burch backpacks, and Madewell leather bags to dresses by Anthropology, Free People, and Diane von Furstenberg. Also popular are Coach wool sweaters and Everlane cashmere cardigans. Frye boots, Doc Martens, and UGG products, which were also mentioned.