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The Online Market for Second-Hand Clothes Is Expected to Grow 27% This Year

  • Digital secondhand sales to grow 27% this year, ThredUp says
  • Market getting boost as coronavirus closes physical stores
Garments are stored on a conveyor system at the ThredUp sorting facility in Phoenix in 2019.
Garments are stored on a conveyor system at the ThredUp sorting facility in Phoenix in 2019.Photographer: Matt York/AP Photo

Scouring the local secondhand shop is a time-honored tradition for budget-conscious shoppers. But at a time of coronavirus lockdowns, consumers are increasingly looking online for pre-owned garments.

The digital resale market is poised to grow 27% this year to about $9 billion, according to a new report from online secondhand-apparel company ThredUp. That could balloon to $36 billion in 2024, said the company, which is betting it can keep the new customers gained during the pandemic.