Second hand. Like new. Thrift. Buy Nothing. Gently used. There are lots of ways to describe consumption in the booming resale market.
Add „Merry Christmas! …
Second hand. Like new. Thrift. Buy Nothing. Gently used. There are lots of ways to describe consumption in the booming resale market. Add „Merry Christmas!“ to the list. Resale has taken off among those looking to save the planet and spend less on gifts during what can be the most wasteful time of the year — the December holidays. This year’s supply chain delays have provided extra motivation. „Gifting at its core should be about thoughtfulness, and arguably more thought is put into finding a meaningful, interesting secondhand gift for someone than just hitting the ‘buy’ button on something everyone is getting from Amazon,“ said Ashlee Piper, a sustainability expert and author of „Give a Sh(asterisk)t: Do Good. Live Better. Save the Planet.“ One of her favorite gifts ever was a tattered copy of „Gentlemen Prefer Blondes“ that a friend found for $2 at a thrift shop. „It’s kitschy, thoughtful and totally unique,“ Piper said. The resale market is far from dominant overall, and spans all ages. Industry reports have said the recent gains are driven mainly by Gen Z and Millennial shoppers. Players large and small are reaping the benefits. Luxury resale marketplace The RealReal, which has more than 23 million members after going public more than two years ago, said it saw a 60% jump last year over the year before among those choosing gift boxes with purchases during the holiday season. Last month, the online site, which has 16 brick-and-mortar consignment stores around the U.S., saw orders with gift boxes rise by 73% over the same month last year for unbranded jewelry. Such purchases were up 62% for Gucci items and 53% for Louis Vuitton selections, according to company data. „The stigma is gone,“ said Marshal Cohen, a consumer behavior and retail analyst for the NPD Group. „There is a new view of how valuable some of the resale product is. Gray market selling of new and used items are now reaching new heights. Scoring a great item others can only dream of is the new form of luxury.
