Americans will spend almost $179 billion on secondhand goods this year—a 96 percent from 2015 that's expected to nearly double again by 2030.
Americans are scooping up second-hand items at a record pace, thanks to a surge in digital resale platforms like Poshmark, Depop, thredUP and The RealReal. Now more traditional retailers want in on the action.
Those numbers are only part of the reason well-known name-brand retailers are now diving into the"new to you" business too. This embrace of secondhand offers them access to new customers, perhaps a hedge against inflation and green credibility.
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