The secondhand retail market will boom.
In with the old? That’s exactly the direction the fashion industry is heading, it appears. The resale market has skyrocketed of late, to the point where the secondhand market will become a $51 billion industry within the next five years! As consumers gravitate toward spending in an environmentally friendly and financially savvy manner, the resale market is profiting. By offering a unique variety of options, they appeal to consumers’ hearts – and wallets.