Searching for a solution to generate further money? Take into account promoting a few of your previous garments.
Greater than half of customers — 52% — shopped for secondhand attire final yr, in keeping with the 2023 Resale Report from ThredUp, an internet secondhand clothes retailer.
Of all attire bought previously 12 months, one in three gadgets have been secondhand, ThredUP says. For members of Technology 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 may almost double by 2027 and develop to $350 billion, in keeping with the ThredUp report.
That progress could possibly be a golden alternative for anybody searching for a solution to make a couple of further bucks.
Promoting a few of your previous garments might provide help to rake in a small fortune. Sure garments manufacturers are particularly more likely to fetch larger costs, ThredUp says. The ten most sought-after manufacturers are:
- Lululemon Athletica
- Free Folks
- City Outfitters
In compiling its rankings, ThredUp had retail analytics agency World Information 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 Information additionally assessed the secondhand market in keeping with “shopper surveys, retailer monitoring, official public knowledge, knowledge sharing, retailer statement, and secondary sources.”
In the report, James Reinhart, co-founder and CEO of ThredUp, says higher pricing is the highest motive why individuals look to secondhand garments. However it isn’t the one issue:
“Whereas worth continues to be a key driver that motivates customers to assume secondhand first, international local weather points have elevated consciousness of resale’s potential to scale back trend’s impression on the surroundings. 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 a couple of further bucks. For extra, try “35 Clever Ways to Make Extra Money.”