Secondhand Grew 15X Faster than New Apparel Sales in 2023, but ThredUp CEO Still Sees Ample ‘White Space’
Retail TouchPoints
MARCH 27, 2024
Source: ThredUp 2024 Resale Report In 2023, global sales of secondhand apparel reached a staggering $197 billion (up 18% from $167 billion the year before), and ThredUp projects that figure will reach $350 billion by 2028. alone, secondhand apparel accounted for $43 billion in sales in 2023, and it’s expected to reach $73 billion by 2028.
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