The news, distilled into what matters.
Americans are buying more used clothes, but the real story is who’s buying what: Luxury resale is booming and so is discount
- Americans are buying more pre-loved clothes — overall apparel spending rose 5.1% in March and secondhand transactions jumped 22% year‑over‑year.
- Growth is bifurcated: discount resale is rising while secondhand luxury surged (fivefold), and platforms like ThredUP and The RealReal posted strong revenue gains as department stores lag.
- Gen Z is a major driver and seller (41% of sellers), using resale to both shop affordably and supplement income amid higher inflation and weak consumer sentiment.
Read full article
Get the full experience in the app — topics, comments, and audio summaries.