Apparel shortages to drive bumper holiday sales for secondhand retailers, Retail News, ET Retail

Newly outlined secondhand clothing stores ThredUp and Poshmark are expected to forecast potent end-of-12 months revenue as a shortage of new outfits at merchants pushes buyers to look at thrifting as an solution to fill their holiday break purchasing luggage.

Clothing had the best on the web out-of-stock stages among the U.S. retail sectors in the run-up to the vacation year, Adobe Analytics explained in Oct.

All those shortages are anticipated to travel much more persons to secondhand garments businesses this kind of as Poshmark Inc, ThredUp Inc and ReaReal, which are not as affected by global source chain issues as they get their stock generally from the closets of American homes.

“Stock is scarce correct now. Consumers are going to shop exactly where they uncover stock to make absolutely sure they have matters in time for the vacations,” mentioned Jessica Ramirez, retail analyst at Jane Hali & Associates.

Secondhand

Read More