If you’re interested in all things fashion but don’t engage with the resale market, this statistic will make you sit up straight: second-hand clothing was a $35 billion business in 2018, according to retail-analytics firm GlobalData.
And it’s growing quickly. By 2028, GlobalData says the fashion-resale market will have almost tripled in size to $93 billion, making it 1.5 times bigger than its opposite number, the so-called ‘fast fashion’ industry.