The fashion resale market is exploding, growing 21 times faster than the retail market over the past three years, according to research from retail analytics firm GlobalData.Fortune Magazine
Gen Z & Millennials love resale!
As resale grows at a higher rate of popularity among the younger generations, children’s resale will also grow in demand as they begin having children.
Also, Boomer’s second-hand spending might have grown less, but they already hold one of the highest market-shares (31%) for purchasers of used goods; Second only to Millennials (33%). This means a strong market of Grandparents and even Great-grandparents shopping for younger moms.