Home » Business » Sales of second-hand clothes could increase considerably. Factors that push buyers to these products

Sales of second-hand clothes could increase considerably. Factors that push buyers to these products

In this context, analysts expect second-hand clothing retailers ThredUp and Poshmark to improve their end-year sales estimates.

According to the quoted source, a study conducted in October by the consulting firm Adobe Analytics found that the clothing segment had the highest level of depleted stock among American retailers.

These supply shortfalls would lead even more people to second-hand clothing companies such as Poshmark Inc, ThredUp Inc and ReaReal, which are not equally affected by the blockade of global supply chains because they get their products mainly from the cabinets of American households, he transmits Agerpres.

“Stocks are limited now. Consumers will buy from where they can find stocks, to make sure they get the holiday items in time, “says Jessica Ramirez, a retail analyst at Jane Hali & Associates.

Retailers selling second-hand items have grown exponentially in recent years as Generally Z and Millennials are more interested in buying used products and reducing their environmental impact. And the market would become even bigger.

More than a third of shoppers say it is possible to buy second-hand clothes for the holiday season this year, and the level is up to 50% for people under the age of 40, according to a study by Accenture among American shoppers.

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