The second-hand clothing market in Canada has been growing in popularity over the past few years, as more and more people are looking for sustainable and affordable fashion options. Here are some key points to know about the second-hand clothing market in Canada:
- The market size: According to a report by ThredUp, a leading online second-hand clothing retailer, the Canadian second-hand clothing market is estimated to be worth $1.3 billion in 2021, and is projected to grow to $2.3 billion by 2025.
- The types of second-hand clothing stores: There are several types of second-hand clothing stores in Canada, including thrift stores, consignment stores, vintage stores, and online marketplaces.
- Popular second-hand clothing stores: Some of the most popular second-hand clothing stores in Canada include Value Village, Goodwill, Salvation Army, Plato’s Closet, and Buffalo Exchange. Online marketplaces such as Poshmark, Depop, and eBay are also popular for buying and selling second-hand clothing.
- Benefits of buying second-hand clothing: Buying second-hand clothing is not only environmentally friendly, it’s also more affordable, and can be a great way to find unique and vintage pieces.
- Challenges facing the second-hand clothing market: One challenge facing the second-hand clothing market is the increasing competition from fast fashion retailers who are now offering their own “sustainable” and “recycled” clothing lines. Another challenge is the stigma that second-hand clothing is “dirty” or “unfashionable,” which some people may still hold onto.
Overall, the second-hand clothing market in Canada is growing and provides a sustainable and affordable option for those looking to reduce their environmental impact and find unique fashion pieces.