billions US dollars the turnover in the world in 2021 in Second-hand clothes market
percent of second-hand buyers love the sustainable aspect of the Second-hand market
Many Gen Zs broadcast their finds on social media using the hashtag #ArchiveFashion, which has had over 251 million views on TikTok.
Investing in archival fashion is culturally enriching but also makes good business sense, says Patricia Mears, deputy director of the Museum at the FIT, New York.
This value is projected to rise rapidly in the coming years, more than doubling in size from 2021 to 2025, before reaching a value of 218 billion dollars in 2026.
The global secondhand apparel market will grow 3X faster than the global apparel market overall.