The forecast: Fashion online resale platform sales will reach $30.63 billion by 2025, growing at an estimated 24% CAGR and representing 10.0% of all ecommerce apparel and accessories sales.
Over the past decade, there has been growing interest in shopping at thrift stores, especially among bargain hunters and Gen Zers. Additionally, the perception of buying and wearing secondhand clothes has evolved to be cool and edgy, largely driven by social media.
This new interest in thrifting is spilling over to online channels, with the number of resale sites dedicated to the sale of secondhand clothing growing in the past five years.
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