Second-hand clothing industry could hit $80B worldwide

Since the pandemic began, much of the fashion industry has taken a hit – but not the resale sector.

The online market for used clothes is growing faster than the market for new ones. According to a new report, over the next 10 years, the second-hand clothing market could hit $80 billion worldwide.

As Robin Gill reports, a younger generation is reassessing both its social values and the bottom line.

#business #fashion #GlobalNews

[TheBHAitken]

Gotta love how the people at Global know the majority of people can no longer buy new clothing, so they promote used clothing to the sound of their laughter...

[rosiegirl]

Lots of interesting comments here. It is certainly a topic that will bring up lots of discussion. Many people are donating more items this year. If we really think about it the issue is more about our overbuying of items and especially clothes. If we buy less and try to buy more locally if possible then this would help on many levels.

[raytard]

I love bringing all my household garbage to the Goodwill. I always wondered what they do with banana peels and pizza boxes.

[Jon-gmsn]

Just wait till clothing companies start saying it's cutting profit.

[egledavidsoniene]

Thank you. Beautiful clothers for urban or country stile women.

[frankgiansante]

So the prices will be going up at thrift stores for people who need it.

[danmarijanovic]

See, while her conscience might be clear.... the problem is that she's now profiting far more from the same clothes she spent pidlly on at the thrift store, who may in turn raise prices to outcompete the resellers that are making surplus profits off of peoples' goodwill, which in turn will shut out more folk who otherwise regularly rely on cheap prices that thrift stores normally promise.

[PassionPanda]

Hospitals are so overrun with COVID patients that nurses have the time and energy to start and grow a business.

[vvats_chauhan]

If we want import used clothes from developed countries where to contact

[HelTra]

"Ecologically conscious" nah, people are just broke af and can't afford to buy anything new

[FoodRecipes]

Why WHO call variants of indian brazil or uk and they do not allow virus to be named as Chinese ?

[sabrinat]

The biggest reseller is value village. They priced donated item for crazy prices and you know what " shopping at value village does not benefit any non profits " as per value village. Shopping there only benefit the owner to buy more mansions in the USA 🇺🇲 . They are American company.
Why not let regular people/ local people buy just 1% of their donated goods just to make a living! If you ever go value village, check their back warehouse, inventory piled up to the roof and yet store still full of inventory and end up in landfill.

[missblink]

How about the people that actually need cheap clothing??? Nothing like the rich taking from the poor!

[drbaseerahmad]

Hi its asma baseer from pakistan how can i work with you mam

[vnceigz]

So she wants to quit the job she had so that she can buy up all of the cheap used stuff and resell them at a premium to make $5, 000 - $10, 000 per month and leave the poor people who have no money unable to buy cheap second-hand clothes from stores and have to spend their food money buying new clothes because the used ones were taken by people like her? 🤨 How incredibly selfish, self-centered, and inconsiderate. 😠 What's next, she'll buy food stamps and hampers and resell those? ¬_¬