Updated: Sep 11
Resale - Used Clothing expected to be valued at $64 Billion in the next 5 years
NEW MARKETS - USED CLOTHING
My personal story is that I love a good bargain and I have been known to frequent resale market online stores to snag myself a bargain from time to time.
One birthday, armed with birthday money I decided to ignore the local retail stores as I knew what was up for offer was very overpriced and again nothing that would be considered from my standpoint as Classic.
With my stash of birthday money, I sourced an online store called "the real real" authenticated luxury consignment store. I trolled the things I wanted
* Tom Ford Scarf
* Karen Walker Sunglasses
* A small Celine leather bag -
* Small pair of earrings.
Let me tell you I was blown away with the quality of the second-hand apparel and I have gone back again and again.
So the 2nd hand apparel market is valued at about $28 billion today and is forecast to reach $64 Billion. This sector grew 25 times faster than the overall retail market last year.
Why would you not consider shopping for authenticated good quality 2nd hand designer goods - Have you considered this?
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