Marie Kondo inspired us to throw away all our non-joyous items, sparking what’s now a booming resale apparel market. So just how big is the industry capitalizing on secondhand goods? Fashion resale destination site thredUp reveals it’s a $24 billion market, projected to double to $51 billion by 2024. The 2019 thredUp Resale Report , in conjunction with GlobalData, analyzed the trends and drivers pushing this revitalized sector. Researchers found that 56 million women bought secondhand products in 2018, an increase of 12 million new secondhand shoppers from the year prior. And they’re not done yet: 51% of resale shoppers plan to spend even more on thrift in the next five years. “The last few years of growth in resale have been driven by early adopters, but now skeptics are coming around in droves,” James Reinhart, founder and CEO of thredUP, said in a press statement. “The ‘resale customer’ is no longer a niche group–it’s everyone.” ThredUp reports that increased growth can be credited to millennials and gen-Z, who adopt secondhand items 2.5 times faster than the average consumer. This is partially because they prefer to wear the latest styles, meaning last season’s fads get quickly deposited through the […]
Latest Articles
Caltech Tests Space-Based Solar Power
Caltech tests space-based solar power Solar power is clean, renewable, and can provide abundant energy when harvested correctly—particularly...
This Groundbreaking Motionless Wind Turbine is 50% More Efficient Than Regular Turbines
Takeaways: Aeromine Technologies have created a motionless wind harvesting system that can generate up to 50 percent more energy than rooftop solar.
The technology...
Save the Environment and your Electricity Bill with DIY Solar Cookers.
Save the Environment and your Electricity Bill with DIY Solar Cookers. Save the Environment and your Electricity...
How Electronic Signatures Improve Your Business’s Sustainability Efforts
How Electronic Signatures Improve Your Business's Sustainability Efforts
Electronic signatures, or e-signatures, are digital versions of handwritten signatures used to replace the latter and authenticate...
Clean Energy Has a Tipping Point, and 87 Countries Have Reached It
Takeaways: According to Bloomberg Green, 87 countries have passed the 5% tipping point into widespread adoption 12-month moving average.
As more countries tipped into...
Zero Waste Community Cafe Built With Recycled Bottles and Milk Cartons
Takeaways: The Early BKK cafe in Bangkok, Thailand, has been constructed using recycled or diverted materials from the landfill.
The building is covered with...