The resale market for apparel, accessories, and footwear grew faster than traditional retail in 2024, with spending surging from -3 per cent in summer to 5 per cent in October.
Pure-play platforms like Depop and ThredUp thrived, while brands like Clothes Mentor and Goodwill expanded.
Shoppers aged 25–44 and middle-income groups drove growth, seeking budget-friendly options.
The resale market for apparel, accessories, and footwear grew faster than traditional retail in 2024, with spending surging from -3 per cent in summer to 5 per cent in October.
Pure-play platforms like Depop and ThredUp thrived, while brands like Clothes Mentor and Goodwill expanded.
Shoppers aged 25–44 and middle-income groups drove growth, seeking budget-friendly options.