Searching for a solution to generate additional money? Contemplate 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, a web-based secondhand clothes retailer.
Of all attire bought previously 12 months, one in three objects have been secondhand, ThredUP says. For members of Era Z, secondhand garments make up two out of each 5 objects 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 development could possibly be a golden alternative for anybody searching for a solution to make a number of additional bucks.
Promoting a few of your previous garments could assist you to rake in a small fortune. Sure garments manufacturers are particularly prone 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 International 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. International 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 cause why folks look to secondhand garments. But it surely 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 cut back trend’s affect on the atmosphere. We’re nonetheless within the earliest days of inventing how resale can cut back the continuing manufacturing extra within the attire business, and I don’t see a world the place we’re going again to the way in which it was once.”
Promoting previous garments is only one solution to make a number of additional bucks. For extra, take a look at “35 Clever Ways to Make Extra Money.”