One of the most lucrative business in the fashion industry is thrifty.
One of the biggest industries in the world is witnessing a long-time family tradition become a fashion trend. Over the last few years, the fashion industry has noticed a steady increase in the secondhand clothes market. So much so, that big brands have adopted a similar trend. Fashion experts and journalists in the field predict handsome returns from this new trend. Younger siblings have been making secondhand clothes a fashion statement for centuries.
How did secondhand clothes hit the Fashion market?
Over the past two years, due to the Covid-19 pandemic, the fashion industry has suffered. Sales of clothing plummeted with purchases focused on necessities. McKinsey, a consultancy firm, explains that three types of clothes thrived during the pandemic-comfort clothes, outdoor appeal, and whatever was online. The market was kept alive by people who choose to buy secondhand clothes. But the recent upward trend is due to affordability.
Brightly author Angelica Pizza claims secondhand shopping is 'one of the most sustainable ways to shop' due to its low environmental impact. Can the resale of preowned clothes be a profitable market? According to an article published on FIBRE2FASHION.COM, at the end of 2021, thrift shops, charities, as well…
