Find in the news:
BY COUNTRY

Second-hand clothing is becoming a major global trend



As the latest research shows, the used clothing market will grow rapidly in the coming years.
ThredUp

This is evidenced by research conducted by ThredUp, a second-hand company, and the analytical agency GlobalData Retail. According to their data, the second-hand clothing market, which is currently estimated at $28 billion, will reach $64 billion in less than five years. As James Reinhart, co-founder and CEO of ThredUp, said, "Resale is here to stay. The next question is who wins and who loses".

Last year, the used clothing market grew 25 times faster than the average fashion. In 2019, it is estimated that 64 million people purchased used goods. By 2029, the proportion of used clothing in wardrobes is projected to be 17%, up from 3% in 2009. The share of clothes bought in traditional department stores will decrease from 22% to 7% during this period.

Previously, the Network received opinions from individual experts who believed that against the backdrop of the coronavirus pandemic, the used clothing market may, at some point, begin to decline. This may be due to consumer concerns about the possibility of transmission through tissue. But according to Reinhart, analysis of the data shows the opposite, and there is no decrease in sales.

Reinhart believes the reason for the growth of the used clothing market is the fact that today's youth are no longer so wasteful, they are no longer willing to spend money in the race for "fast" fashion. Second-hand growth will also be facilitated by the decline in income caused by mass unemployment due to the pandemic. And the "green" factor should not be written off; consumers are beginning to consider the environment.

As a result, Thredup and GlobalData believe that second-hand clothing sellers will be the only ones who can boast of an influx of new buyers in these difficult times. For traditional clothing vendors, things are much more difficult.

More about shopping malls in the USA



YESTERDAY, Spain:
The new Skechers store will have a total area of 774 sq. meters.
YESTERDAY, Mexico:
The retail space is located in Centro Comercial Perisur, one of the largest shopping mall in Mexico City.
DAY BEFORE YESTERDAY:
The spaces, designed in Hermès colors, will appear in Paris, Tokyo, New York and other cities around the world.
Oct 3, 2022, USA:
The iconic store will close after 14 years of operation.
Oct 3, 2022, Italy:
The automaker plans to open stores in the new concept in the world's major metropolitan cities.
Oct 1, 2022, Spain:
The new store on Paseo de Gracia reflects the brand's British style
Friend
and Follow
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us