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Resale Report2023

The global secondhand market is expected
to nearly double by 2027, reaching

$350 billion

We have made significant progress stimulating circularity in fashion: Resale is starting to blossom globally, with many of the largest retailers in the world adopting more circular business models. While value continues to be a key driver that motivates consumers to think secondhand first, global climate issues have increased awareness of resale’s potential to reduce fashion’s impact on the environment. We are still in the earliest days of inventing how resale can reduce the ongoing production excess in the apparel industry, and I don’t see a world where we’re going back to the way it used to be. Now in its 11th year, the Resale Report has some of the most inspiring findings since its inception in 2013. It’s clear we’re on a promising trajectory, and by working together through collective action, we have the power to alter fashion’s future for the better.

– James Reinhart, ThredUp CEO

Dive into the most comprehensive measure of the secondhand market and resale industry

View Report