The secondhand merchandise business is increasing as extra customers, involved about each value and wastefulness, flip to purchasing used as a substitute of latest.
The U.S. secondhand market is coming into its personal and anticipated to greater than double by 2026, reaching $82 billion, based on a report by thredUP (TDUP) – Get Free Report, a web based resale market.
As inflation places strain on customers’ wallets, and the damaging environmental impacts of quick trend turn out to be extra obvious, customers made secondhand clothes purchases in 2021 that displaced practically 1 billion new-item buys, thredUP says.
Winmark, (WINA) – Get Free Report the franchiser of resale shops together with Plato’s Closet, Play It Again Sports, and Music Go Around, had about 1,293 franchises in operation in 2022, with gross sales of $1 billion or extra a 12 months since 2015. They have recycled practically 1.5 billion objects since 2010, based on the National Association of Resale Professionals.
Other details from thredUP’s report embrace:
74% of customers have shopped or are open to buying secondhand attire
Cleaning out their closets within the pandemic, 57% of customers resold attire in 2021
62% of Gen Z and millennials say they search for an merchandise secondhand earlier than buying it new, and 46% contemplate the resale worth of an attire merchandise earlier than buying.
Across the nation, southern states make up the area with probably the most first-time thirfters, whereas within the Midwest residents are more than likely to contemplate themselves thrifters. Northeastern customers are probably the most tech-savvy, and thrifters in western states are most acutely aware of their carbon footprint, thredUP says.
There’s no scarcity of on-line resale websites like eBay (EBAY) – Get Free Report, Etsy (ETSY) – Get Free Report, Poshmark (POSH) – Get Free Report, thredUP, Facebook Marketplace, Depop and Mercari, however while you’re into pre-loved objects, digging round a store for uncommon finds is half the enjoyable. There are round 25,000 thrift shops within the U.S., based on the National Association of Resale Professionals. Goodwill industries has 4,245 thrift shops throughout the nation, and Salvation Army has practically 8,000.
To discover the metro areas the place classic lovers can have the perfect thrifting expertise, StorageCafe, a web based platform that gives storage unit listings throughout the nation, analyzed information from the 50 largest metro areas and ranked them based mostly on a weighted rating that included the variety of thrifting venues per 100,000 individuals, the proportion of massive thrifting venues, thrifting gross sales per family, thrifting Google searches, and self storage stock.
Thrifting venues embrace thrift outlets, consignment shops, vintage outlets, used clothes shops, used furnishings shops, flea markets, used bookstores and others.
While the New York metro space is available in first for the sheer variety of resale venues with practically 700 shops, it doesn’t make the highest 30. Denver, with greater than 190 resale shops, probably the most per capita, tops the listing of greatest locations for thrifters, with well-liked shops like Thrift Cult and a big Goodwill presence.
Based on StorageCafe’s evaluation, these are the perfect metro areas within the U.S. for resale buying.
1. Denver
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 31%
Thrifting gross sales per family: $192
2. Seattle
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 22%
Thrifting gross sales per family: $221
3. Portland, Ore.
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 23%
Thrifting gross sales per family: $213
4. Austin, Texas
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 30%
Thrifting gross sales per family: $231
5. Indianapolis
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 35%
Thrifting gross sales per family: $188
6. Minneapolis-St. Paul
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 29%
Thrifting gross sales per family: $191
7. Columbus, Ohio
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 26%
Thrifting gross sales per family: $266
8. Phoenix
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 40%
Thrifting gross sales per family: $210
9. Richmond, Va.
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 18%
Thrifting gross sales per family: $155
10. Oklahoma City
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 22%
Thrifting gross sales per family: $147
11. Louisville, Ky.
Resale shops per 100,000 individuals: 8
Share of massive resale shops: 21%
Thrifting gross sales per family: $147
12. Virginia Beach, Va.
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 21%
Thrifting gross sales per family: $127
13. Nashville, Tenn.
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 26%
Thrifting gross sales per family: $153
14. San Francisco
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 12%
Thrifting gross sales per family: $181
15. Atlanta, Ga.
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 26%
Thrifting gross sales per family: $159
16. Birmingham, Ala.
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 17%
Thrifting gross sales per family: $169
17. Charlotte, N.C.
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 23%
Thrifting gross sales per family: $130
18. Tampa – St. Petersburg, Fla.
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 8%
Thrifting gross sales per family: $103
19. Orlando
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 14%
Thrifting gross sales per family: $141
20. Kansas City
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 27%
Thrifting gross sales per family: $131
21. Chicago
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 22%
Thrifting gross sales per family: $163
22. St. Louis
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 25%
Thrifting gross sales per family: $115
23. Dallas
Resale shops per 100,000 individuals: 4
Share of massive resale shops: 21%
Thrifting gross sales per family: $175
24. Jacksonville, Fla.
Resale shops per 100,000 individuals: 7
Share of massive resale shops: 10%
Thrifting gross sales per family: $99
25. Milwaukee
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 37%
Thrifting gross sales per family: $159
26. Cincinnati
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 26%
Thrifting gross sales per family: $138
27. Pittsburgh
Resale shops per 100,000 individuals: 6
Share of massive resale shops: 21%
Thrifting gross sales per family: $95
28. San Antonio, Texas
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 14%
Thrifting gross sales per family: $158
29. Houston
Resale shops per 100,000 individuals: 4
Share of massive resale shops: 31%
Thrifting gross sales per family: $141
30. Miami
Resale shops per 100,000 individuals: 5
Share of massive resale shops: 18%
Thrifting gross sales per family: $149
See the complete rating of all 50 cities at StorageCafe.com.