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Secondhand Chic: US Fashion Resale Market Growth Driven by Vintage and Luxury Demand; Signs of Profitability
$1,750.00
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
US Fashion Resale Market Size (Left Axis; USD Bil.) and YoY Growth (Right Axis; %)
US Fashion Resale: Share of Total Fashion Market (%)
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)
US Consumers’ Use of, and Plans To Buy, Secondhand Clothing, Footwear or Accessories, December 2023 vs. October 2022 (% of Respondents)
US Fashion Resale Shoppers: Resale Services Used in the Past 12 Months, December 2023 vs. October 2022, by Service Provider (% of Respondents)
US Fashion Resale Shoppers: Major Reasons for Making a Secondhand Purchase in the Last 12 Months, December 2023 vs. October 2022 (% of Respondents)
