Deep Dive 14 minutes PremiumDeep Dive: Fashion Re-Commerce Update—12 Catalysts for Apparel Resale Growth Coresight Research June 29, 2017 Executive Summary The marketplace for online fashion resale (“recommerce”) continues to evolve rapidly. US full-price retailers are suffering while re-commerce is thriving, and re-commerce is currently one of the fastest-growing sectors in retail. The total apparel resale market (brick-and-mortar and online) is expected to grow at a CAGR of 13% from $18 billion in 2016 to $33 billion in 2021. Key factors driving continued growth of the fashion recommerce sector include millennial penetration, desire for value and cost savings, the entertainment factor of the treasure hunt for unique items, decluttering, environmental concerns, greater interest from higher-income shoppers and male customers, as well as resellers opening physical locations. We have also seen the emergence of mobile peer-to-peer re-commerce platforms offering innovative and easy-to-use technological features including social media functionality. Online secondhand resellers could pose a competitive threat to off-price retailers such as TJX, as both offer steep discounts on branded merchandise and provide a treasure hunt shopping experience. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: The Bounty of AI Is Just Around the CornerRevolutionize Your Product Launch Strategy: Leveraging Generative AI Applications for Enhanced Speed and ProfitabilityVIP Awards 2023: Retail’s Core Is Human and Rooted in PartnershipFive Strategies for Success in US Grocery Retail: Leveraging First-Party Data To Offer a Connected Shopping Experience