OAKLAND, Calif.--(BUSINESS WIRE)--Mar 19, 2025--
ThredUp (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today released the results of its 2025 Resale Report. Conducted by third-party retail analytics firm GlobalData, the 13th annual study serves as the most comprehensive measure of the secondhand market globally and in the U.S., with forward looking projections through 2034. It also includes new insights about tariff and trade implications, how social commerce and AI are reshaping retail, and the government’s role in managing textile waste. The report’s findings are based on market sizing and growth estimates from GlobalData, a survey of 3,034 U.S. consumers over the age of 18, and a survey of 50 top U.S. fashion retailers and brands.
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AI is driving resale adoption by bridging the gap between shopping secondhand and new.
Younger shoppers are turning to social platforms to buy secondhand apparel.
Brands across the apparel ecosystem are performing well in the resale market.
U.S. online resale saw accelerated growth in 2024 for the second consecutive year.
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“As consumers are increasingly thinking secondhand first, the retail industry is adopting powerful new pathways for resale. From the integration of social commerce and innovative AI applications to the establishment of trade organizations and interfacing with government, it’s clear why resale is seeing accelerated growth and has such a promising growth trajectory.”
– James Reinhart, CEO, ThredUp
“Resale continues to outpace the broader retail sector, with online resale in particular driving the sector’s growth. Shoppers are prioritizing quality as resale value becomes an increasingly important factor in purchasing decisions, and retailers are evolving their secondhand offerings to meet consumer demand with new avenues like social commerce, further driving adoption and preference for secondhand.”
– Neil Saunders, Managing Director, GlobalData
The top five trends from ThredUp’s 2025 Resale Report:
(all figures pertain to the U.S. unless otherwise noted)
In 2024, the U.S. secondhand apparel market saw its strongest growth since 2021. Online resale saw accelerated growth for the second consecutive year.
Tariffs are expected to provide a tailwind to the secondhand market as shoppers prioritize affordability and retailers seek stability.
Retailers view resale as a new revenue stream that helps them stay competitive and acquire new customers.
Retailers can unlock revenue by integrating social commerce and resale for omnichannel success.
AI is driving resale adoption by reducing thrift overwhelm and bridging the gap between shopping used and new.
To see the 2025 Resale Report, visit thredup.com/resale.
About the 2025 Resale Report
ThredUp’s annual Resale Report contains research and data from GlobalData, a third-party retail analytics firm. GlobalData’s assessment of the secondhand market is determined through consumer surveys, retailer tracking, official public data, data sharing, store observation, and secondary sources. These inputs are used by analysts to model and calculate market sizes, channel sizes, and market shares. Further, for the purpose of this report, GlobalData conducted a January-February 2025 survey of 3,034 American adults over 18, asking specific questions about their behaviors and preferences for secondhand. GlobalData also surveyed the top 50 U.S. fashion retailers and brands from January-February 2025 to gather their opinions on resale. In addition, ThredUp’s Resale Report also leverages data from internal ThredUp customer and brand performance data.
About ThredUp
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp’s Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 172 million unique secondhand items from 55,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
Forward-Looking Statements
This release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "predict" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. Except as required by law, ThredUp has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.
AI is driving resale adoption by bridging the gap between shopping secondhand and new.
Younger shoppers are turning to social platforms to buy secondhand apparel.
Brands across the apparel ecosystem are performing well in the resale market.
U.S. online resale saw accelerated growth in 2024 for the second consecutive year.
CRANS-MONTANA, Switzerland (AP) — Axel Clavier felt like he was suffocating inside the Swiss Alpine bar where moments before he'd been ringing in the new year with friends and dozens of other revelers.
The 16-year-old from Paris escaped the inferno, which broke out after midnight Thursday, by forcing a window open with a table. But about 40 other partygoers died, including one of Clavier's friends, falling victim to one of the worst tragedies in Switzerland's history.
The blaze also injured about 115 people, most of them seriously, as it ripped through the crowded Le Constellation bar at the ski resort of Crans-Montana, police said.
Clavier told The Associated Press that “two or three” of his friends remained missing hours after the disaster.
Valais Canton police commander Frédéric Gisler said during a news conference that work is underway to identify the victims and inform their families, adding that the community is “devastated.”
Authorities did not immediately have an exact count of the deceased.
Beatrice Pilloud, Valais Canton attorney general, said it was too early to determine the cause of the fire.
“At no moment is there a question of any kind of attack,” Pilloud said.
She later said the number of people who were in the bar is “unknown,” and its maximum capacity will be part of the investigation.
“For the time being, we don’t have any suspects,” she added, when asked if anyone had been arrested over the fire. “An investigation has been opened, not against anyone, but to better understand the circumstances of this dramatic fire.”
Clavier, the Parisian teenager, said he didn’t see the fire start, but did see waitresses arrive with Champagne bottles with burning sparklers. He lost his jacket, shoes, phone and bank card while fleeing, but “I am still alive and it’s just stuff.”
“I’m still in shock,” he added.
Two women told French broadcaster BFMTV they were inside when they saw a male bartender lifting a female bartender on his shoulders as she held a lit candle in a bottle. The flames spread, collapsing the wooden ceiling, they told the broadcaster.
One of the women described a crowd surge as people frantically tried to escape from a basement nightclub up a narrow flight of stairs and through a narrow door.
Another witness speaking to BFMTV described people smashing windows to escape the blaze, some gravely injured, and panicked parents rushing to the scene in cars to see whether their children were trapped inside. The young man said he saw about 20 people scrambling to get out of the smoke and flames and likened what he saw to a horror movie as he watched from across the street.
“This evening should have been a moment of celebration and coming together, but it turned into a nightmare,” said Mathias Reynard, head of the regional government of the Valais Canton.
Crans-Montana is less than 5 kilometers (3 miles) from Sierre, where 28 people, including many children, were killed when a bus from Belgium crashed inside a Swiss tunnel in 2012.
In a region busy with tourists skiing on the slopes, the authorities have called on the local population to show caution in the coming days to avoid accidents that could further strain the area's already overwhelmed medical resources.
With high-altitude ski runs rising around 3,000 meters (nearly 9,850 feet) in the heart of the Valais region's snowy peaks and pine forests, Crans-Montana is one of the top venues on the World Cup circuit. The resort will host the best men’s and women’s downhill racers, including Lindsey Vonn, for their final events before the Milan-Cortina Olympics in February. The town's Crans-sur-Sierre golf club stages the European Masters each August on a picturesque course.
Swiss President Guy Parmelin, speaking on his first day in the largely ceremonial job, said many emergency staff had been “confronted by scenes of indescribable violence and distress.”
“This Thursday must be the time of prayer, unity and dignity,” he said. “Switzerland is a strong country not because it is sheltered from drama, but because it knows how to face them with courage and a spirit of mutual help.”
Dazio reported from Berlin and Leicester reported from Paris. Geir Moulson in Berlin and Graham Dunbar in Geneva contributed to this report.
People light candles near the sealed off Le Constellation bar in Crans-Montana, Swiss Alps, Switzerland, Friday, Jan. 2, 2026, where a devastating fire left dead and injured during the New Year's celebrations. (AP Photo/ Antonio Calanni)
People bring flowers and letters, reading "Rest in Peace", near the sealed off Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Friday, Jan. 2, 2026. (AP Photo/ Antonio Calanni)
People mourn behind flowers near the sealed off Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Friday, Jan. 2, 2026. (AP Photo/Baz Ratner)
People bring flowers and candles near the sealed off Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Friday, Jan. 2, 2026. (AP Photo/ Antonio Calanni)
People mourn behind flowers and letters near the sealed off Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Friday, Jan. 2, 2026. (AP Photo/ Antonio Calanni)
Police stands at an emergency tent beside the sealed off Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Friday morning, Jan. 2, 2026. (AP Photo/ Antonio Calanni)
The sealed off Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations is seen in Crans-Montana, Swiss Alps, Switzerland, Friday morning, Jan. 2, 2026. (AP Photo/ Antonio Calanni)
People cry at the scene after a fire broke out at the "Le Constellation" bar and lounge during New Year's celebration, in Crans-Montana, Switzerland, Thursday, Jan. 1, 2026. (Jean-Christophe Bott/Keystone via AP)
People lay candles and flowers near the Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (AP Photo/ Antonio Calanni)
Shadows of People are seen in the sealed off Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (AP Photo/ Antonio Calanni)
People lay flowers and light candles for the victims of the fire at the "Le Constellation" bar and lounge during New Year's celebration, in Crans-Montana, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
People lay candles near the Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (AP Photo/ Antonio Calanni)
People lay candles and flowers near the Le Constellation bar, where a devastating fire left dead and injured during the New Year's celebrations in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (AP Photo/ Antonio Calanni)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
A floral tribute left near the area where a fire broke out at the Le Constellation bar and lounge during New Year's celebration, in Crans-Montana, Switzerland, Thursday, Jan. 1, 2026. (Jean-Christophe Bott/Keystone via AP)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Jean-Christophe Bott/Keystone via AP)
A hearse drives past as police officers inspect the area where a fire broke out at the Le Constellation bar and lounge during New Year's celebration, in Crans-Montana, Switzerland, Thursday, Jan. 1, 2026. (Jean-Christophe Bott/Keystone via AP)
