Green Story: The rise of resale culture

It is no secret that fast fashion is incredibly harmful in terms of the
extensive CO2 emissions and water usage that goes into the manufacturing
processes. Cheaply made pieces that flood the market are essentially meant
to be thrown away. This results in bleak statistics such as 12.8 million
tons of clothing that end up in landfills every year in the US.

On the bright side, the recent exponential market growth of resale
culture may be a feasible solution to putting a cap on fast fashion’s
devastating carbon footprint. Green Story’s partners, released a report that takes an in-depth
look into the rapid rise of resale culture. For example, if everyone buys
just one used item of clothing instead of a new piece, billions of gallons
of water could be saved.

Image Source: ThredUp

Millennials and Gen Z are leading the way

Over the past three years, reselling and thrifting has grown 21 times
faster than the actual retail apparel market, which means that there are
more secondhand shoppers than ever before. The demographic that is leading
this change are millennials and Gen Z, with a 45 percent growth in buying
second-hand in the past two years. There is no longer a stigma around
thrifting being only for those in a lower socioeconomic class. Rather,
thrifting is embraced with open arms by all as people associate it with
buying ‘vintage’, ‘authentic’, and ‘unique’ pieces.

A shift to sustainability

It is now the era of being a conscious consumer, where more and more
people are becoming particular of the brands they are supporting.
Secondhand shopping cuts down on fast fashion demands and decreases the
amount of clothes that end up in landfills every year. In the past five
years, the number of shoppers who prefer to buy from environmentally
friendly brands has increased from 57 to 72 percent. Through this,
retailers are realizing that resale culture is the future as the demand for
ethical and sustainable options continues to grow.

The new-age closet

The closet of the future will be made up increasingly of second-hand
items and items from new retail models such as subscription boxes and
resale-focused websites. Statistics are now showing that one in ten women
in the US are already members of ThredUp. London-based streetwear and
vintage fashion marketplace, Depop’s user base has grown from 8 million to
12 million just in the past year. These figures show that resale culture is
now large-scale, completely changing the culture of fashion forever.

The long term impact

Today’s textile industry is both exploitive and wasteful. It is
estimated that 108 million tons of non-renewable resources are used every
year to produce clothing, making the industry account for a quarter of the
global carbon budget in the next 30 years. Fast fashion trends are
encouraging buying twice as much clothing, but consumers are only wearing
it for half as long.

Closing the loop

Hopefully, the resale culture will be a positive impact on the fashion
industry by making the current linear model into a circular one. As
consumers demand for more sustainable and ethical products in fashion,
brands will start to shift towards being mindful of their fabrics and
manufacturing processes. Through this, new clothing will start being made
from renewable, safe materials and will be designed for longevity. This, in
turn, ensures that these items can be resold, renewed, or made into new
products.

By providing a simple, credible and flexible impact marketing platform,
Green Story is bringing a sustainable way of doing business into the
mainstream.

Photos: courtesy of Vinted, ThredUp Facebook, courtesy of Green Story

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