Online platforms have helped fuel the rapid growth of the secondhand apparel market. We forecast that resale market sales will surpass $30 billion in 2025. This growth has been fueled by multiple factors ranging from a rising interest in sustainability all the way to pandemic-induced supply chain disruptions. This report will explore these factors, including opportunities and challenges for fashion brands and retailers.
KEY STAT: Annual average sales per buyer via online fashion resale marketplaces will more than double between 2021 and 2025, rising 132.4% from $339.18 to $788.38.
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