In search of a solution to generate further money? Contemplate promoting a few of your previous garments.
Greater than half of shoppers — 52% — shopped for secondhand attire final yr, in response to the 2023 Resale Report from ThredUp, a web-based secondhand clothes retailer.
Of all attire bought prior to now 12 months, one in three gadgets had been secondhand, ThredUP says. For members of Era Z, secondhand garments make up two out of each 5 gadgets they personal.
This pattern towards secondhand clothes signifies that, globally, the secondhand attire market might almost double by 2027 and develop to $350 billion, in response to the ThredUp report.
That progress might be a golden alternative for anybody searching for a solution to make just a few further bucks.
Promoting a few of your previous garments might assist you rake in a small fortune. Sure garments manufacturers are particularly more likely to fetch increased costs, ThredUp says. The ten most sought-after manufacturers are:
- Torrid
- Lululemon Athletica
- Madewell
- Zara
- Free Folks
- Patagonia
- Reformation
- City Outfitters
- Everlane
- Vuori
In compiling its rankings, ThredUp had retail analytics agency World Knowledge survey greater than 3,000 U.S. adults and the highest 50 U.S. trend retailers to ask about preferences within the secondhand market. World Knowledge additionally assessed the secondhand market in response to “client surveys, retailer monitoring, official public knowledge, knowledge sharing, retailer commentary, and secondary sources.”
Within the report, James Reinhart, co-founder and CEO of ThredUp, says higher pricing is the highest purpose why folks look to secondhand garments. But it surely isn’t the one issue:
“Whereas worth continues to be a key driver that motivates shoppers to suppose secondhand first, world local weather points have elevated consciousness of resale’s potential to scale back trend’s affect on the setting. We’re nonetheless within the earliest days of inventing how resale can cut back the continuing manufacturing extra within the attire trade, and I don’t see a world the place we’re going again to the best way it was.”
Promoting previous garments is only one solution to make just a few further bucks. For extra, try “35 Intelligent Methods to Make Additional Cash.”