Have you heard of thredUP?
thredUP is a very large online consignment thrift store in the United States. They believe used clothing is the future, and they continue to prove how resale helps solve fashion waste.
They also share their Annual Resale Report which highlights the way we, as consumers, can help the global issue of disposable fashion and create a more sustainable future within the fashion industry.
While researching for this business, the Annual Resale Report has been quite eye-opening. Here’s a breakdown of some major stats.
- The resale industry is estimated to grow to $36 billion by 2024
- Secondhand sales are expected to grow nearly 4x by 2026
- Because of inflation, more than 44% of consumers say they are cutting back on what they spend on new apparel
- Nearly half of Gen-Z and Millennials are spending larger portions of their budgets on secondhand clothing compared to 5 years ago
- 57% of consumers resold apparel in 2021
Let’s increase that percentage by recycling our used clothing with The Sweet Pea Shop!!
Are you ready to be the way of the future? Consign with us today!
- Dallas xo