Second Time’s a Charm

Entrepreneur Daily:

After years of being frowned upon, the secondhand clothing industry is making a comeback.

Economic uncertainty is one reason many parents are flocking to them for back-to-school shopping rather than spending big bucks at department stores. But in general, secondhand clothing is becoming more acceptable, with nicer shops sprouting up across the country, offering upscale brands at lower prices.

According to America’s Research Group, about 15 percent of people shop at a resale or consignment store at least once a year.

The National Association of Resale & Thrift Shops says the secondhand industry has been increasing five percent each year for the past decade.

Photo by MSDesigns.

Featured Opportunities

Related Stories