Secondhand clothing stores are red hot as consumers look to save money [Yahoo! Finance]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Yahoo! Finance
The secondhand market in the U.S. grew seven times faster than the larger retail clothing space last year, according to the 2024 Resale Report, a new analysis from the clothing resale site ThredUp More than half of all consumers shopped for pre-owned apparel last year—and the global market is now expected to reach $350 billion by 2028. In the U.S., that market should hit $73 billion in the same period. By next year, ThredUp predicts, 10% of the global apparel market is expected to be made up of secondhand items. “The global secondhand apparel market continues to burgeon — a testament to the intrinsic value shoppers find in the secondhand experience,” ThredUp CEO James Reinhart said in a statement. Rising cost of living and higher prices for new clothes are driving more people to explore the secondhand market. Some 52% of U.S. consumers shopped secondhand apparel last year, with nearly two-thirds of the people who bought pre-owned clothes doing so online. More than half of the
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News
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- How To Shop Frugally at Thrift Stores Despite Rising Prices [Yahoo! Finance]Yahoo! Finance
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TDUP
Earnings
- 3/4/24 - Miss
TDUP
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- TDUP's page on the SEC website