Overview

• The U.S. tariffs on imported clothing and leather goods, effective since April 2, are expected to raise prices by 65% and 87%, respectively, prompting consumers to explore secondhand alternatives.
• Shares of major resale platforms, such as ThredUp and Savers Value Village, have surged by 31% and 22%, respectively, as investors anticipate growth in the secondhand market.
• Small brick-and-mortar thrift stores in New York City report record-low daily sales and fear long-term survival challenges due to reduced foot traffic and economic uncertainties.
• Downloads of resale marketplace apps like eBay, Mercari, and Depop rose 3% in Q1 2025, marking the first quarterly gain in three years, as shoppers increasingly turn to digital platforms.
• Analysts warn that while the secondhand market is poised for growth, inventory challenges may arise if consumers hold onto existing clothing during economic uncertainty.