PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393289
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393289
According to SPER Market Research, 'USA and Canada Second-hand Apparel Market Size- By Product Type, By Sector, By Consumer Orientation, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the USA and Canada Second-hand Apparel Market is predicted to reach USD 91.48 billion by 2033 with a CAGR of 12.53%.
Clothing and other items of clothing that have been owned by someone else in the past are referred to as second-hand clothing. When compared to the original retail price, it is usually purchased or sold for less. Consignment shops, thrift stores, and internet marketplaces are some of the venues where one can find used clothing.
Furthermore, with the closure of physical retailers, the COVID-19 epidemic caused early disturbances to the second-hand clothes industry in the USA and Canada. But the industry swiftly changed, moving towards internet sales and emphasising sustainability more. Because it was more affordable, thrift stores became more popular, and online platforms replaced traditional avenues for business.