Secondhand Chic: US Fashion Resale Market Growth Driven by Vintage and Luxury Demand; Signs of Profitability

Published – April 2024

Fashion resale has emerged as a dynamic and rapidly evolving market within the broader retail landscape. With shifting consumer preferences, technological advancements and concerns around sustainability, the resale market offers both challenges and opportunities in apparel and luxury retail.

Read this report to dive into the growth trajectory and competitive landscape of the US fashion resale market, exploring proprietary US consumer survey findings to uncover valuable insights on the opportunities for retailers.

From the resurgence of vintage fashion to the rise of luxury resale and the growing influence of online platforms, explore the factors shaping the future of fashion resale.

Our coverage of the US fashion resale market includes sales from the apparel, footwear, apparel accessories and jewelry categories.

Data in this research report include/are:

• US fashion resale market sizing, 2019–2028E —Total revenue, year-over-year growth rates, share of total fashion market, and breakdown by channel (offline vs. online)
• Proprietary survey findings—Resale retailers and platforms that US fashion resale shoppers have bought from, and consumers’ reasons for shopping secondhand

Introduction

US Fashion Resale: Coresight Research Analysis

Market Scale and Opportunity

Competitive Landscape

Vintage Resurgence: The Hunt for Nostalgic and Unique Products

The Growing Popularity of Luxury Resale and a Fast Luxury Cycle

Profitability Remains Uncertain Despite Some Positive Signs

What We Think

Implications for Brands/Retailers

Implications for Real Estate Firms

Implications for Technology Vendors

Notes

9-page PDF report

Goodwill Industries, Mercari, Poshmark, The RealReal, ThredUp

1. US Fashion Resale Market Size (Left Axis; USD Bil.) and YoY Growth (Right Axis; %)
2. US Fashion Resale: Share of Total Fashion Market (%)
3. US Fashion Resale Market: Sales by Distribution Channel (Left Axis; USD Bil.) and E-Commerce Penetration (Right Axis; Online Sales as a % of Total Sales)
4. US Consumers’ Use of, and Plans To Buy, Secondhand Clothing, Footwear or Accessories, December 2023 vs. October 2022 (% of Respondents)
5. US Fashion Resale Shoppers: Resale Services Used in the Past 12 Months, December 2023 vs. October 2022, by Service Provider (% of Respondents)
6. US Fashion Resale Shoppers: Major Reasons for Making a Secondhand Purchase in the Last 12 Months, December 2023 vs. October 2022 (% of Respondents)
7. The Coresight Research Fast Luxury Model