At thredUP, we’ve spent the past decade studying resale. While the last 10 years were dominated by marketplaces, brands and retailers are driving the next wave of secondhand. In fact, brands with their own resale shops increased 275%, from 8 in 2020 to 30 in 2021. We are still in the very beginning of this trend, but the acceleration of resale adoption is a positive signal with enormous benefits for the planet. We’re proud to share this year’s Resale Report, proving that with the collective power of conscious consumers, resale marketplaces, and forward-thinking brands and retailers, we can pioneer a more sustainable future for the fashion industry. There is still much work to do. We hope you join us on this mission.
– James Reinhart, thredUP Co-Founder & CEO
Size & Impact of Resale
Secondhand Is Becoming a Global Phenomenon, Expected To Grow 127% by 2026
The global secondhand apparel market will grow 3X faster than the global apparel market overall.
North America Leads Global Secondhand Apparel Market Growth
U.S. Secondhand Market Is Expected To More Than Double by 2026, Reaching $82 Billion
Secondhand saw record growth in 2021 at 32%.
Technology and Online Marketplaces Are Driving the Growth of the U.S. Secondhand Market
Online resale is the fastest-growing sector of
secondhand and is expected to grow nearly 4X by 2026.
U.S. Secondhand Market Sees More Sellers Than Ever
The Clean Out trend accelerated during the pandemic and has real staying power.
U.S. Consumers Are Embracing Secondhand in Droves
In 2021, 244 million consumers say they have or
are open to shopping secondhand products.
Resale Is a Powerful Solution to the Fashion Industry’s Wastefulness
Demand-side management and better resource efficiency are critical if we are to meet our 2050 carbon targets (IPPC). Not only can more circular business practices cut emissions, reduce primary resource use, minimise waste, and create a more accessible economy for all, but
The growth of circular systems shows many recognise this can be a winning business formula, too.
Susan Harris, Technical Director, Anthesis Group
secondhand is transforming closets
Secondhand Is Stealing More Share of Closet Than All Other Growth Channels Combined
Secondhand is expected to grow by 9 points, more than any other sector.
Secondhand Is Holding On to More Shoppers Than Any Other Category
81% of first-time thrifters plan to spend the same amount or more on secondhand in the next 5 years.2
Where shoppers plan to spend more or less money in the next 5 years2