Resale report: Factors driving market growth

Online consignment company ThredUp has released results from its 10th annual 2022 Resale Report. The study revealed that secondhand is becoming a global phenomenon led by North America, with the U.S. market estimated to more than double by 2026, reaching $82 billion.
Conducted by third-party retail analytics firm GlobalData, the study serves as a comprehensive measure of the secondhand market and includes global market sizing for the first time.