Online thrift (节俭) store thredUP has released its tenth annual Resale Report. The study, which assesses trends in the secondhand clothing industry, has an obviously positive tone. Resale is booming in the United States, as well as globally, and the secondhand market in the US is expected to more than double by 2026, reaching an impressive valuation of $82 billion.
This is serious growth that indicates a real shift in the way people approach shopping for clothes. For most, it's a way to save money in an inflationary (通货膨胀) economy. Forty-four percent of shoppers say they're cutting back on buying clothing-more than any category apart from restaurants. Some say secondhand is enabling them to keep enjoying the brands they love.
When choosing what to buy, people are increasingly careful about what can be resold. More than one-fifth of Gen Z (网络新生代) shoppers said they'll pay more for an item that they know they can resell, and 36% of Gen Z shoppers stock and clear their closets at the same monthly or weekly rate. More than half resold clothing last year. As resale becomes more accessible thanks to mobile technology and online platforms, increasing numbers of customers are keen to turn over their closets, which fuels the industry and keeps the market full of fresh finds, bringing people back for more.
Secondhand helps to relieve people's climate-related concerns. Thrifting is far better for the environment than buying new. As thredUP reported in 2021,buying used reduces an item's carbon footprint by 82%. Choosing used over new displaces 17.4 pounds of CO2 emissions. It requires far less water and energy to produce, and it spares that item from going to landfill, where it will break down and give off methane, a greenhouse gas more powerful than CO2.
It's great to hear such positive news. Thrifting is a no-brainer, when you stop to think about it-well-made and good-looking fashion that helps the planet while saving us money. The more mainstream it can get, the better off we'll all be.