In search of a strategy to generate additional money? Take into account promoting a few of your previous garments.
Greater than half of shoppers — 52% — shopped for secondhand attire final yr, in response to the 2023 Resale Report from ThredUp, a web based secondhand clothes retailer.
Of all attire bought previously 12 months, one in three objects had been secondhand, ThredUP says. For members of Era Z, secondhand garments make up two out of each 5 objects they personal.
This development towards secondhand clothes implies that, globally, the secondhand attire market may practically double by 2027 and develop to $350 billion, in response to the ThredUp report.
That development may very well be a golden alternative for anybody in search of a strategy to make a couple of additional bucks.
Promoting a few of your previous garments might make it easier to rake in a small fortune. Sure garments manufacturers are particularly more likely to fetch increased costs, ThredUp says. The ten most sought-after manufacturers are:
- Lululemon Athletica
- Free Individuals
- City Outfitters
In compiling its rankings, ThredUp had retail analytics agency World Knowledge survey greater than 3,000 U.S. adults and the highest 50 U.S. vogue retailers to ask about preferences within the secondhand market. World Knowledge additionally assessed the secondhand market in response to “shopper surveys, retailer monitoring, official public information, information sharing, retailer commentary, and secondary sources.”
In the report, James Reinhart, co-founder and CEO of ThredUp, says higher pricing is the highest cause why folks look to secondhand garments. However it isn’t the one issue:
“Whereas worth continues to be a key driver that motivates shoppers to assume secondhand first, international local weather points have elevated consciousness of resale’s potential to cut back vogue’s impression on the surroundings. We’re nonetheless within the earliest days of inventing how resale can scale back the continued manufacturing extra within the attire trade, and I don’t see a world the place we’re going again to the way in which it was once.”
Promoting previous garments is only one strategy to make a couple of additional bucks. For extra, try “35 Clever Ways to Make Extra Money.”