Resale Market Expected To Reach A Whopping $53 Billion In 2023

black women with white shopping bags over her shoulder
Shiavon Chatman
January 26, 2022

The resale, or second-hand, market is getting very popular – it's expected to reach $53 billion in the coming years. As the industry gains momentum, more and more consumers are seeking out second-hand garments to fill their closets. Why are more people flocking to buy used than new?

Resale offers a ton of perks for shoppers. No matter if you’re on a budget or have money to blow, resale can be less expensive than big brands while still offering luxury brand names. But a big reason why people are choosing resale is actually an ethical one.

Consumers who shop second-hand want their clothes and goods to be ethical and sustainable

Traditional retail – and especially “fast fashion,” like clothes from Fashion Nova and mall stores like H&M, are very wasteful. Even worse, they rely heavily on the brutal labor of sweatshop workers.

In addition to the ethical reasoning, the resale industry is accessible – many regular folks are making money selling their clothes on sites like Poshmark and Tradesy.

Whether you’re buying or selling, resale is a nice way to get some high quality items without the financial and ethical burden of big retailers.

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