Photo and article by Sandra Evans
During this time when many brick and mortar stores – both large and small – are closing their doors, one sector of the retail market is booming: resale. “Crossroads Trading, a retail chain, “was founded in 1991 and now has 37 locations in the U.S.” (New York Times). According to ThredUp 2019 Resale Report, “The secondhand market is projected to double in the next five years, to hit 51 billion” (Forbes, 30 March 2020). Even Macy’s and Penny’s plan to designate a portion of their floor space to resale to cash in on the market trend.
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