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0.00118063754427388 -0.00118063754427388 0.00354191263282165 0.00472255017709553 0.0106257378984652 0.011806375442739 0.0236127508854781 0.0306965761511216
Stock impact report

Americans are buying more used clothes, but the real story is who's buying what: Luxury resale is booming and so is discount [Fortune]

ThredUp Inc. - Class A (TDUP) 
Company Research Source: Fortune
Recommended Video Clothes spending overall rose 5.1% in March compared to last year, ending nearly three years of declines, according to a report published by the Bank of America Institute this week. Yet the clothes-buying bonanza wasn't equal across the board. Secondhand fashion transactions were up 22% year over year in March. Growth was fueled by increases in both “discount apparel,” which was up more than 4% between the fourth quarter of 2025 and the first quarter of this year, as well as secondhand luxury fashion spending, which jumped fivefold during that span, according to the report. Driving this trend is the increasingly K-shaped economy , said Taylor Bowley, an economist with the Bank of America Institute and a contributor to the report. As top earners' wages grow and they benefit from stock market highs, they are spending more. Meanwhile, lower-income people are cutting costs to make ends meet. The result is fueling a stratification in the clothing sector as more peo Show less Read more
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