SAN FRANCISCO – US consignment company ThredUp has published its 2020 Resale Report suggesting that with shifting consumer focus, the value of the resale market can be expected to trump that of fast fashion by the end of the decade.
With a rapid trajectory, resale is tipped to shoot from what was a US$7 billion valuation last year to upwards of US$36 billion by 2024. Fundamentally, it’s said this will be enabled by changing buying habits and a move from department and conventional retail stores to online second hand platforms.
