secondhand market news and archive

ThredUp: Resale market forecasted to reach 64 billion dollars in the next 5 years

The spread of the coronavirus has presented the vast majority of the fashion industry with uncertainty, as retailers had to close shop, fashion events were cancelled or postponed and consumer shopping behaviors changed. But, the resale market acted as a bright spot in this otherwise bleak reality: according to ThredUp’s annual Resale Report,...

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Retail

Rebag announces the opening of a second Miami location

The secondhand luxury market is showing no signs of slowing down, at least not in Rebag's case. The resale retailer of luxury handbags has just opened its second store in Miami, Florida, marking its tenth store currently in operation in the U.S. Rebag first entered the Miami brick-and-mortar market five months ago, with a flagship location in...

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Fashion

eBay, Poshmark and Thredup top the list of most-visited resale websites

The resale market is expected to reach 51 billion US dollars in five years. With The RealReal’s IPO on the way, traffic analytics firm SimilarWeb revealed the top 10 most-visited resale websites in the US in May 2019. eBay tops the list with over 659 million visits, followed by Poshmark with 16.4 million visits, and ThredUp at 3.98 million...

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Retail

Resale market to reach 51 billion US dollars in 5 years, says ThredUp

American consumers are more open to buy and sell secondhand apparel than ever before: the resale market has grown 21 times faster than the retail fashion market over the past three years and is projected to grow from 24 billion US dollars to 51 billion US dollars in the next five years, according to ThredUp’s annual Resale Report. That means the...