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Article Tags: resale

A customer waits to enter The RealReal Inc. store on Madison Avenue in New York, U.S., on Saturday, Sept. 26, 2020. The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs. Photographer: Nina Westervelt/Bloomberg

Retail

Gen Z Luxury Buyers Are Scanning Resale First, RealReal CEO Says

Resale is increasingly influencing how Gen Z and millennials shop for luxury, with secondhand prices becoming a benchmark for value.
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Secondhand clothing sales are up, partly thanks to Gen Z spending.

Retail

Americans are Buying More Used Clothes, But the Real Story is Who’s Buying What

Luxury resale is booming and so is discount. Budget-conscious shoppers turn to resale to save, while wealthier consumers drive a surge in secondhand luxury.
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