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US Online Fashion Resale
Our 2022 Forecast Shows Spending Per Buyer Will More Than Double by 2025
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Table of Contents
Executive Summary
Resale Will Play a Larger Role in Fashion’s Ecommerce Future
What’s Driving Growth in Online Fashion Resale?
How Fashion Brands and Retailers Can Make the Most of Opportunities in Resale
Read Next
Sources
Media Gallery
About This Report
Fashion resale has become one of the fastest-growing segments in apparel retail, and this year most sales will take place online. This report looks at our inaugural forecast for online resale fashion and how brands and retailers can leverage new opportunities in this rapidly ascending sector.
Table of Contents
Executive Summary
Resale Will Play a Larger Role in Fashion’s Ecommerce Future
What’s Driving Growth in Online Fashion Resale?
How Fashion Brands and Retailers Can Make the Most of Opportunities in Resale
Read Next
Sources
Media Gallery
Executive Summary
Online platforms have helped fuel the rapid growth of the secondhand apparel market. We forecast that resale market sales will surpass $30 billion in 2025. This growth has been fueled by multiple factors ranging from a rising interest in sustainability all the way to pandemic-induced supply chain disruptions. This report will explore these factors, including opportunities and challenges for fashion brands and retailers.
Key Questions
- How big is the online fashion resale market?
- What’s driving growth in online fashion resale?
- How can fashion brands and retailers benefit from trends in online resale?
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KEY STAT: Annual average sales per buyer via online fashion resale marketplaces will more than double between 2021 and 2025, rising 132.4% from $339.18 to $788.38.
US Fashion Digital Resale Marketplace Average Annual Sales per Buyer, 2021-2025
US Fashion Digital Resale Marketplace Sales, 2021-2025 (billions, % change, and % of US retail ecommerce apparel and accessories)
US Fashion Digital Resale Marketplace Buyers, 2021-2025 (millions and % of digital buyers)
Retail Ecommerce Sales in the US, 2019-2025 (billions, % change, and % of total retail sales)
Experiences with Purchasing Used Clothing and Accessories According to US Adults, June 2021 (% of respondents)
Frequent Reasons Why Luxury Pre-Owned Sellers in France, Japan, and the US Sell Pre-Owned Products, June 2021 (% of respondents)
US TikTok Users vs. Non-Users Who Purchase Used Clothing and Accessories, June 2021 (% of respondents in each group)
US Fashion Digital Resale Marketplace Average Sales per Buyer, 2021-2025
US Fashion Digital Resale Marketplace Sales, 2021-2025 (billions, % change, and % of US retail ecommerce apparel and accessories)
US Fashion Digital Resale Marketplace Buyers, 2021-2025 (millions and % of digital buyers)
Retail Ecommerce Sales in the US, 2019-2025 (billions, % change, and % of total retail sales)
Experiences with Purchasing Used Clothing and Accessories According to US Adults, June 2021 (% of respondents)
Frequent Reasons Why Luxury Pre-Owned Sellers in France, Japan, and the US Sell Pre-Owned Products, June 2021 (% of respondents)
US TikTok Users vs. Non-Users Who Purchase Used Clothing and Accessories, June 2021 (% of respondents in each group)
authors
Sky Canaves
Contributors
- Bianca Carasus
- Researcher
- Suzy Davidkhanian
- Principal Analyst, Retail & Ecommerce
- Andrew Lipsman
- Principal Analyst, Retail & Ecommerce
- Wendy Louie-Lam
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