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On the lookout for a solution to generate additional money? Contemplate promoting a few of your previous garments.
Greater than half of shoppers — 52% — shopped for secondhand attire final 12 months, in accordance with the 2023 Resale Report from ThredUp, an internet secondhand clothes retailer.
Of all attire offered prior to now 12 months, one in three objects had been secondhand, ThredUP says. For members of Era Z, secondhand garments make up two out of each 5 objects they personal.
This development towards secondhand clothes signifies that, globally, the secondhand attire market may almost double by 2027 and develop to $350 billion, in accordance with the ThredUp report.
That progress could possibly be a golden alternative for anybody on the lookout for a solution to make just a few additional bucks.
Promoting a few of your previous garments could assist you rake in a small fortune. Sure garments manufacturers are particularly prone 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 accordance with “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. Nevertheless it isn’t the one issue:
“Whereas worth continues to be a key driver that motivates shoppers to suppose secondhand first, international local weather points have elevated consciousness of resale’s potential to cut back trend’s affect on the surroundings. We’re nonetheless within the earliest days of inventing how resale can scale back the continued 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 once.”
Promoting previous garments is only one solution to make just a few additional bucks. For extra, try “35 Intelligent Methods to Make Additional Cash.”
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