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By 2023, the secondhand clothes market will double to $51 billion

By 2023, the secondhand clothes market will double to $51 billion. Here’s why

Resale platforms like the RealReal, ThredUp, and Depop have made shopping for used clothing easier than ever-and consumers are buying in. Fueled by millennials and Gen Z, the secondhand market is on track to more than double over the next five years, from $24 billion to $51 billion, according to ThredUp and retail analytics firm GlobalData.

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