Inflationary pressures are fueling a new wave of online secondhand sales, dropping the stigma around used purchases and bringing everyday items into the marketplace, according to OfferUp’s 2023 Recommerce Report. The resale market is expected to hit $188.5 billion for 2023 and is on track to tally $275.8 billion by ’28, representing an 89% CAGR from $117.8 billion in ’18. The ’28 sales figure comes with 8% penetration of the total retail market, up 2 percentage points from its current share. The report, looking at figures from retail analysts GlobalData and ... Log in to view full article.