Secondhand clothes sales forecast to hit $289bn as AI helps shoppers find deals

Sites such as Vinted and ThredUp expected to help resale grow twice as fast as overall clothing market in coming years Business live – latest updates Secondhand clothing sales are forecast to surge 12% this year to $289bn (£217bn) and continue to step up, as AI and social media influencers help shoppers find the items they want. The rise of sites such as Vinted, Depop, Vestige and ThredUp is expected to power an average 9% annual growth over the next five years to reach $393bn, twice the pa...

By Sarah Butler