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The secondhand clothing market is exploding

Growth in the market for used clothing might outpace fast fashion as more consumers become aware of the environmental, social, and economic benefits of thrift shopping. The global secondhand apparel market is expected to grow 127% by 2026, three times faster than the apparel market overall, according to a recent report by thredUP, an online consignment and thrift store.

In 2022, the market for secondhand apparel grew 24% from the year before, to $119 billion dollars. The report from thredUP shows growth happening worldwide, with North America making up around 42% of the market. Worldwide, the market for secondhand fashion is expected to grow 127% by 2026 to $218 billion worldwide.

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