#nataboutthesecondhandmarket

On another note: Online platforms that resell and rent clothes like Thred Up, The Real Real, and Rent The Runaway are being used more frequently than ever. From 24$ Billion to over 51$ Billion, the second-hand retail industry is on track to double in the next five years.

As Thred Up CEO, James Reinhart, quotes: “The resale customer is no longer somebody else’s customer, they are everybody’s customer. Mass market or luxury, if people can find a high-quality product for much less, they’ll choose used.”

I have personally sold some items on Poshmark and The Real Real and it is actually a way to extend the life of your items! Tagged on this post are some companies that are great gateways to the second hand market. It makes me really excited to see a strong exponential growth in something that could potentially revolutionize the industry while helping the fashion chain become more sustainable overall. 👏🏽