Shoppers around the world are quickly adding more used shoes, accessories and clothes to their closets. Last year, they spent $227 billion on secondhand apparel, accounting for nearly 10% of all global spending on clothes, according to a new report from online resale marketplace ThredUp Inc.
The trend is set to accelerate, particularly in the US where President Donald Trump’s tariffs are likely to increase the price of new clothes, and globally thanks to a changing attitudes and artificial intelligence-aided shopping.
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