Every year, ThredUp releases a Resale Report on their website. This Resale Report provides resellers with VERY valuable information on the current and future state of the resale industry. As I’m sure you know, the resale industry is going to rise exponentially over the next 5 to 10 years. So if you haven’t jumped on board yet, what in the world are you waiting for? Today, I want to highlight some of the main takeaways from the ThredUp 2018 Resale Report and share my thoughts on the future of the resale industry. 
Okay, so let’s start by taking a quick look at today’s outfit. What do you think was bought retail and what do you think was thrifted???…… Answer: the dress, earrings, and purse were bought at retail stores (at a discount) and my shoes were thrifted for $6.99. So you are probably thinking, what does this have to do with anything? I am showing that I am one of the many women creating a blended wardrobe of both retail and thrift pieces. This is a common trend nowadays, especially among millennials like myself.
ThredUp 2018 Resale Report
Like I mentioned above, every year ThredUp releases a Resale Report and this year’s report provides data supporting this trend. In case you didn’t want to sit and read the full report, I wanted to provide you with the main summary points***. If you do want to read the full report, I linked it for you below.
1. Resale is Growing Exponentially more than Retail is (24x more)
2. The Resale Market will reach $41B by 2022
3. The Leading Retail Disrupters are Poshmark, ThredUp, and TheRealReal
4. More Women are Thrifting Now than in the Past
5. The Most Active Thrifters are Millionaires
6. Millennials are the Most Complicated Group of Shoppers
7. Meet The Closet of the Future:
8. Shoppers Like Constant New Arrivals
9. Thrifting Provides Solution to Today’s Throw Away Culture
10. In the Long Run, Thrifting Can Save You $$$
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Again, these are some of the main summary points. If you would like to check out the full report (which I strongly recommend), you can view it HERE.
***All information and photos from this post (minus the ones of me) are from the ThredUp 2018 Resale Report
Be Classy, Be Confident, Be Strong
Baci,
Bianca Ida
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