Most Common Clothes Manufacturers for On-line Resale: ThredUP

Cash could earn a fee while you click on on the services beneath. Opinions are our personal,
however compensation and in-depth analysis decide the place and the way they seem. Learn more about how we make cash.

Fast fashion, look out: Customers are more and more opting to purchase garments secondhand, a market that’s anticipated to develop 3 times sooner on common than the worldwide attire market general.

A new report from the net thrift retailer ThredUP discovered that the secondhand clothing market grew far sooner than the better retail clothes sector in 2022 — a development that’s not trying like it is going to lose momentum anytime quickly.

Advertisements by Cash. We could also be compensated in the event you click on this advert.Advert

What the info says

The worldwide secondhand clothes market noticed 28% progress final yr, reaching $177 billion in gross sales. By 2027, ThredUP forecasts the market will double, reaching $350 billion.

U.S. resale — a subcategory throughout the bigger secondhand market — grew a whopping 5 occasions as a lot because the broader retail sector in 2022.

Greater than half (52%) of U.S. customers shopped secondhand in 2022, and within the final yr, 1 in 3 objects of clothes bought was secondhand.

Youthful consumers are driving a lot of this progress: Two in 5 objects in a U.S.-based Gen Zer’s closet are secondhand. Over the subsequent 4 years, millennials and Gen Z are projected to account for 33% and 28% of secondhand gross sales progress within the U.S., respectively.

High 10 clothes manufacturers for on-line resale

These are the highest manufacturers on the resale market by the variety of on-line resale listings at ThredUP:

Athleta (27,368 listings)
Tea Assortment (22,800 listings)
Merrell (22,044 listings)
J. Crew (12,766 listings)
Lululemon Athletica (12,549 listings)
Eileen Fisher (11,021 listings)
Tommy Hilfiger (10,285 listings)
Madewell (8,443 listings)
Patagonia (7,553 listings)
REI (6,981 listings)

The takeaway

Youthful generations are involved about climate change and their savings accounts, and the secondhand clothes market permits them to take heed to each. ThredUP says shopping for and carrying used clothes over new objects reduces carbon emissions by 25% on common, and lower cost factors have elevated inclusivity and allowed extra individuals to take part available in the market.

Now that thrifting and resale have a bigger on-line presence, consumers can conveniently browse and purchase on the click on of a button, and the market’s progress is exploding thanks partly to elevated comfort and inflation woes.

Retailers are smart to the development, and plenty of are investing in their very own resale choices as a strategic enterprise initiative. In truth, two-thirds of attire retailers say resale might be important for his or her long-term progress and will even outpace new product gross sales.

Advertisements by Cash. We could also be compensated in the event you click on this advert.Advert