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70% of consumers would now shop secondhand as resale market set to hit $64bn by 2025

June 25, 2020

Via: Charged

The resale clothing market is set to more than double to $64 billion in the next five years as more shoppers are willing to buy second hand.

Over two thirds (70 per cent) of consumers now say they are willing to buy clothing secondhand, according to the 2020 Resale Report from GlobalData and ThredUp.

The resale market grew 25 times faster than the wider retail market last year, seeing 64 million shoppers make a secondhand purchase.

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