Business
ThredUp’s 13th Resale Report Shows Online Resale Saw Accelerated Growth in 2024 and Is Expected to Reach $40 Billion by 2029
59% of consumers say if new government policies around tariffs and trade make apparel more expensive, they will seek more affordable options like secondhand.
About this update from Thredup Inc.
[{"type":"text","content":"\n59% of consumers say if new government policies around tariffs and trade make apparel more expensive, they will seek more affordable options like secondhand.\n\n48% of consumers say personalization, improved search, and discovery make shopping secondhand apparel as easy as shopping new.\n\n39% of younger generation shoppers have made a secondhand apparel purchase on a social commerce platform in the last 12 months.\n\n OAKLAND, Calif.--(BUSINESS WIRE)--\nThredUp (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today released the results of its 2025 Resale Report. Conducted by third-party retail analytics firm GlobalData, the 13th annual study serves as the most comprehensive measure of the secondhand market globally and in the U.S., with forward looking projections through 2034. It also includes new insights about tariff and trade implications, how social commerce and AI are reshaping retail, and the government’s role in managing textile waste. The report’s findings are based on market sizing and growth estimates from GlobalData, a survey of 3,034 U.S. consumers over the age of 18, and a survey of 50 top U.S. fashion retailers and brands.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250319230685/en/U.S. online resale saw accelerated growth in 2024 for the second consecutive year.\n“As consumers are increasingly thinking secondhand first, the retail industry is adopting powerful new pathways for resale. From the integration of social commerce and innovative AI applications to the establishment of trade organizations and interfacing with government, it’s clear why resale is seeing accelerated growth and has such a promising growth trajectory.”\n– James Reinhart, CEO, ThredUp\n\n“Resale continues to outpace the broader retail sector, with online resale in particular driving the sector’s growth. Shoppers are prioritizing quality as resale value becomes an increasingly important factor in purchasing decisions, and retailers are evolving their secondhand offerings to meet consumer demand with new avenues like social commerce, further driving adoption and preference for secondhand.”\n– Neil Saunders, Managing Director, GlobalData\n\nThe top five trends from ThredUp’s 2025 Resale Report:\n(all figures pertain to ...