Americans are buying more used clothes, but the real story is who’s buying what: Luxury resale is booming and so is discount
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Americans are spending more on secondhand clothes again after years of dealing with price increases, but the way they’re spending is indicative of America’s K-shaped economy.
Clothes spending overall rose 5.1% in March compared to last year, ending nearly three years of declines, according to a report published by the Bank of America Institute this week. Yet the clothes-buying bonanza wasn’t equal across the board.
Secondhand fashion transactions were up 22% year over year in March. Growt
Clothes spending overall rose 5.1% in March compared to last year, ending nearly three years of declines, according to a report published by the Bank of America Institute this week. Yet the clothes-buying bonanza wasn’t equal across the board.
Secondhand fashion transactions were up 22% year over year in March. Growt
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