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Story summary
- Secondhand clothing sales are projected to rise 12% this year to $289 billion, driven by AI and social media influencers.
- ThredUp's annual resale report expects 9% average annual growth over the next five years, reaching $393 billion.
- The growth is driven largely by Gen Z and millennials, who are expected to contribute about 70% of expansion.
- Brands such as Zara and Dr Martens are entering resale.
