The second-hand market in the USA

It is no surprise that the popularity of second-hand stores in the United States is on the rise today. Indeed, the second-hand market is a booming industry in the United States. It is a $35 billion industry that employs over one million people in the United States. The United States has several tens of thousands of second-hand and second-hand stores, which are often called "thrift store" or "vintage shop".

The second-hand market is expected to grow at a compound annual growth rate of 4%. Almost everyone in the United States owns or has access to used clothing and household items, which can be sold at thrift stores or purchased from websites such as Etsy or (for the most Swiss of Americans) on lafripamax ;).

What are the reasons behind the popularity of second-hand?

The main reason for this boom is that people are increasingly aware of their environment and want to reduce their carbon footprint. Used clothes are popular for many reasons: they're cheaper than new clothes , they can have a big impact on the environment, and they have a story behind them.

 

Second-hand stores are also a great place to find vintage clothing that carries a strong history in the fit, style, and fashion that brought it to life. People who frequent second-hand stores often buy clothes that they can wear for a long time without having to worry about them going out of style.

Growth of the second-hand market and online thrift stores

With the help of technology and online marketplaces, the second-hand goods industry has boomed in the United States. With an expected annual growth rate of around 4% by 2026, when resale should soon produce 50% of second-hand revenue.

Most of you probably already know this, but a recent study created by the ThredUP site found that 70% of all consumers think second-hand shopping is easier today than ever before. five years old. No matter what you are looking for, all you have to do is go to a website and in no time, your doorstep is beset with deliveries.

Indeed, the same ThredUp report tells us a lot about the new habits of young consumers. The study was done in the United States, so the results are those of young Americans. When shopping for clothes, 41% of consumers say they turn first to second-hand stores. 62% of Gen Zers and Millennials say they look for a used item before buying a new item.

The second-hand trend has caught the attention of established brands.

More and more brands are looking for ways to offer new and used items simultaneously in order to benefit a wider audience. The report also shows that 60% of retailers already sell used items or say they are ready to do so.

For example, Nike has created a new platform dedicated to second hand called “Refurbished” or Zalando which has created a page “Zalando Second Hand”. time, these large companies have understood the importance of the second-hand market.

Here is the team! You may know a little more about the second-hand economy in the US. If you liked the subject, it is with pleasure that we will talk to you about the sale of vintage clothing around the world. In any case, we wish you a great day!

See you soon at LaFrip'aMax!