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The secondhand apparel industry is said to be worth $18 billion accounting for both online and offline and is estimated to reach $33 billion by 2021, according to ThredUp. thredUP1 More ThredUp releases its Annual Resale Report for 2017. Photo: Courtesy of ThredUp When it came to purchasing secondhand online and onsite, online resale was a preferred option for shoppers, growing four times faster than offline thrifting. So what are resale shoppers purchasing? The report revealed that shoes, clothing and apparel accounted for 49 percent of purchases, while books accounted for 14 percent and electronics were 10 percent. Finally, when it came to reigning resale trends, the report looked at specific categories: The fastest-selling category was footwear, while the fastest growing category was active wear. The report also covered resale interest by age group. Compared to Baby Boomers and Generation-Xers, millennials and mature women were both of the likely age groups to purchase secondhand. Women over the age of 65 were said to be 3.4 times more likely to be motivated by both the savings and the value that came with buying secondhand, while millennials were 2.4 times more likely to make a secondhand purchase because they were motivated by making eco-conscious shopping decisions. In fact, 84 percent of millennial shoppers preferred to shop brands that were socially responsible.
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