Fast-fashion retailers like Zara and H&M have a new threat: the $24 billion used clothes market
March 19, 2019 at 10:30 AM EDT
Consumers are set to invest in used fashion over new clothes, according to a report published Tuesday. The second hand apparel market was worth $24 billion in the U.S. in 2018, versus $35 billion for fast-fashion. But by 2028 the used-fashion market is set to skyrocket in value to $64 billion in the U.S., while fast-fashion will only reach $44 billion.