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ThredUp's 12th Annual Resale Report Reveals Resale Grew 15X Faster than Retail in 2023 [Yahoo! Finance]

ThredUp Inc. - Class A (TDUP) 
Company Research Source: Yahoo! Finance
Branded resale saw continued momentum in 2023, with 31% year-over-year growth; 163 brands now offer resale shops. 40% of voters say they're more likely to vote for a candidate that supports sustainable fashion in upcoming elections. OAKLAND, Calif., March 27, 2024 BUSINESS WIRE )--ThredUp (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today released the results of its 2024 Resale Report . Conducted by third-party retail analytics firm GlobalData , the 12th annual study serves as the most comprehensive measure of the secondhand market globally and in the U.S., with forward looking projections through 2033. It also includes new insights about trends driving online resale's growth, momentum in branded resale, and a special section about the government's role in reducing fashion's impact and potential implications for this year's election. The report's findings are based on market sizing and growth estimates from GlobalData Show less Read more
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