Gifting vintage and other resold goods is increasingly seen as a savvy way to save money, discover hard-to-find items and reduce our carbon footprint.
The clothing industry is responsible for about 10% of global greenhouse gas emissions and consumes more energy than aviation and shipping combined, the U.N. says.
Resale has been growing rapidly across the United States, with the secondhand market forecast to grow to $51 billion by 2023, according to an estimate by online thrift store As Black Friday and Christmas approach, resellers are betting the stigma of gifting used goods has fully fizzled. And it’s more than vintage T-shirts and discount scores that might find their way into your stocking.
The RealReal Chief Operating Officer Rati Levesque said the percentage of orders needing gift boxes had tripled this season. Classic high-end items have been the most popular, including Rolex and Cartier watches along with handbags from Louis Vuitton, Chanel and Hermes. Whatever they’re buying, gift-giving shoppers are making sure to seek out products with less wear and tear than the usual purchase.
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