On the lookout for a option to generate additional money? Think about promoting a few of your outdated garments.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 offered previously 12 months, one in three objects had been secondhand, ThredUP says. For members of Technology 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 almost double by 2027 and develop to $350 billion, in response to the ThredUp report.
That development could possibly be a golden alternative for anybody searching for a option to make just a few additional bucks.
Promoting a few of your outdated garments might make it easier to rake in a small fortune.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:
- Torrid
- Lululemon Athletica
- Madewell
- Zara
- Free Folks
- Patagonia
- Reformation
- City Outfitters
- Everlane
- Vuori
In compiling its rankings, ThredUp had retail analytics agency International 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. International Knowledge additionally assessed the secondhand market in response to “client 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 motive why folks look to secondhand garments. But it surely 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 influence on the setting. We’re nonetheless within the earliest days of inventing how resale can cut back the continuing 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.”
Promoting outdated garments is only one option to make just a few additional bucks. For extra, take a look at “35 Clever Ways to Make Extra Money.”