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Article Date: April 2023
Word Count: 448

Industry Brands Lead in Resale, as Teen Interest Grows


Athleta, Lululemon, Patagonia, REI and Merrell are among the leading brands in a global secondhand market set to nearly double to $350 billion by 2027, according to the 2023 Resale Report from secondhand e-commerce platform ThredUp. Global sales increased 28% to $177 billion in ’22, and are guided up 19% to $211 billion for ’23. Sales were boosted by a 244% jump in retailers with branded resale programs to 124 in ’22 compared to 36 in the prior year, according to ThreadUp’s Recommerce 100 listings.

 

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