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U.S. holiday shoppers with money to burn covet secondhand luxury


The secondhand market includes online resale and traditional thrift stores such as Goodwill and Salvation Army, which are primarily offline. Collectively, the market is poised to reach $80 billion by 2029, according to online reseller ThredUp.
When the pandemic shuttered brick-and-mortar stores, consumers found more options and better deals on resale marketplaces. Even as stores slowly reopened during the summer, DiNunzio said, new customers continued to flock to her site, and demand for secondhand luxury remained strong.
“The adoption of resale by those traditional luxury retail customers has really accelerated,” she said. “They continue to be extremely active, equal to or more than our typical buyer profile.” ....

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