Industry Brands Lead Resale Market, as Consumers Look for Value
Lululemon, Patagonia, The North Face, and Dr. Martens are among the leading brands in a global secondhand market set to grow three times faster than the overall global apparel market to $350 billion by 2028, according to the 2024 Resale Report from secondhand e-commerce platform ThredUp. Global sales increased 18% in ’23, and are guided up 18% to $230 billion for ’24. Sales were helped by a 34% expansion in retailers with branded resale programs to 163 in ’23 compared to 124 in the prior year, according to ThredUp’s Recommerce 100 ... Log in to view full article.
