![]() ![]() “But this is a real trend being driven by young people, and it’s only going to become more apparent over time. “I think retailers were looking at resale over the past 10 years trying to figure out whether it was a fad or had real staying power,” said Reinhart in an interview with Retail TouchPoints. With the overall secondhand market projected to double in size over the next five years to $77 billion, resale is getting harder for retailers to ignore. Perhaps more importantly, 34% of consumers said they are more likely to shop with a brand that offers secondhand clothing alongside new. According to ThredUP’s 2021 Resale Report, one in three retailers said resale is becoming table stakes, and 42% of retail execs surveyed said resale will be an important part of their business within five years. The timing is perfect for ThredUP, which has scaled its RaaS solution just as traditional retailers are catching up to consumer sentiment about resale. Not only did the building of this marketplace give ThredUP the insights and infrastructure needed to power RaaS, but it established the company’s brand - trusted first by secondhand shoppers and now by more and more retailers that want to serve those consumers as well.
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