"Resale has emerged from the pandemic in an extremely strong position. More consumers are shopping secondhand, growth has accelerated and the interest from traditional retailers has soared,” Neil Saunders, managing director, GlobalData, said in the release. “The economic outlook remains uncertain, but with inflation driving apparel prices higher and higher, more shoppers appear to be turning to secondhand to make their budgets stretch further. These things will ensure resale remains a disruptive part of the market and a force for good in helping people shop sustainably."
GlobalData's assessment of the secondhand market is determined through consumer surveys, retailer tracking, official public data, data sharing, store observation, and secondary sources. For the purpose of this report, GlobalData conducted a January 2021 survey of 3,500 American adults over 18, asking specific questions about their behaviors and preferences for secondhand. The firm also surveyed the top 50 U.S. fashion retailers and brands in January and February 2022 to gather their opinions on resale.