Thryffy Believes in Sustainability
We at Thryffy believe that Thrift shopping can immensely help with a Sustainble lifestyle. Every unused piece of clothing sold and reused reduces the carbon emission that is produced by factories that manufacture more and more clothes. You can reduce that by selling off your unused clothes at Thryffy!
Secondhand Market Set to Hit $64B in the Next 5 Years
Resale is expected to overtake the traditional thrift and donation segment by 2024.
- Resale - $7B
- Traditional Thrift & Donation - $21B
- Resale - $36B ( 39% compound annual growth rate. )
- Traditional Thrift & Donation - $28B ( 6% compound annual growth rate. )
Online Thrifting is a Bright Spot in Broader Covid Retail Slump
With consumers seeking bargains from home, online secondhand is set to grow 69% between 2019 and 2021, while the broader retail sector is projected to shrink 15%.
In Economic Uncertainty, More Consumers Will Shift to Thrift
Resale delivers value when household budgets shrink.
4 in 5
people say they have or are open to shopping secondhand when money gets tight.
79%
of consumers plan to cut their apparel budget in the next 12 months.
2 in 3
people who have never sold their clothes are now open to it. The #1 reason is to make money.
of consumers adopted a new thrifty hobby during Covid that they plan to continue.
(Mending clothes, growing a garden.)
There Are More Secondhand Shoppers Than Ever Before
Resale is expected to overtake the traditional thrift and donation segment by 2024.
2016
2017
2018
2019
Gen Z is Powering the Growth of Secondhand Shopping
Young shoppers are adopting secondhand fashion faster than any other age group.
GEN Z ( <24 )
MELLENNIALS ( 25 - 37 )
GEN X ( 38 - 55 )
BOOMERS ( >55 )
Sustainability Goes From Perk to Priority
Will Covid spark a more sustainable fashion future?
70% of all consumers agree that addressing climate change is more important now than ever.
Eco-brands like Patagonia and Allbirds are getting 57% more interest on thredUP since Covid.
73% of people plan to support brands who contributed positively to those in need during Covid.
Resale Helps Solve Fashion Waste Crisis
Throwaway fashion culture is depleting natural resources and overfilling landfills. The single best thing we can do is consume less and reuse more.
- Fashion is one of the most pollutive industries in the world.
75 lbs
of CO2e to produce the average pair of jeans.
700 GALLONS
of water to make one new T-shirt.
1 in 2
people are throwing their unwanted clothes straight in the trash. The result? 64% of the 32B garments produced each year end up in landfill.
If everyone bought one item used instead of new this year, it would save :
5.7B lbs of CO2e
= 66M trees planted
25B gallons of water
= 1.25B showers
449M lbs of waste
= 18,700 garbage trucks full
The Environmental Cost of Single Use
1 in 2
of shoppers say they have purchased a single-use outfit
of shoppers say they have purchased a single-use outfit
lbs of waste were generated by single-use outfits in 2019.