Betting on the resale market! The US resale clothing market will reach $77 billion in 2026!

According to estimates by retail analysis company GlobalData, the U.S. resale clothing market is expected to double to $77 billion in the next five years, growing 10 times faster than traditional clothing retail. To this end, GlobalData conducted a survey of more than 3,500 adults in the United States. The results are as follows:

33 million new second-hand buyers

The U.S. resale clothing market was worth $36 billion in 2020. 33 million people purchased second-hand clothing for the first time in 2020. Of these new buyers, 76% plan to increase their online purchases of second-hand clothing in the next five years.

The survey shows that one-third of respondents said they care more about sustainable clothing now than before the outbreak of the new crown. 51% of respondents are opposed to environmental waste.

Retailers are betting on the resale market

A third of retail executives surveyed said they are betting on the resale apparel market, according to the survey, while 62% of executives said their buyers are already buying resale apparel.

Fast fashion is becoming obsolete

It is reported that 40% of consumers have chosen to resell clothing. For this reason, the GlobalData report predicts that the pace of fast fashion purchases will gradually slow down. By 2030, the size of the clothing resale market will be twice the size of the fast fashion clothing market.

Survey data shows that buyers who choose to resell clothing purchase an average of 7 second-hand clothing items each year, which means that they collectively reduce the sales of more than 542 million new clothing items.

Editor ✎ Estella/

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