Bank of America
Trends in Secondhand Fashion and Consumer Spending
Pages
7
Time to read
13 mins
Publication
Language
English
Pages
7
Time to read
13 mins
Publication
Language
English
This report presents an analysis of consumer spending trends in the secondhand fashion market as of April 2026. It outlines the growth in clothing spending per household, which has increased by 5.1% year-over-year in March 2026, primarily driven by luxury fashion and discount apparel. The report highlights that secondhand fashion transactions have grown significantly, with a ninefold increase in transaction volume compared to spending growth. It details the demographic trends, noting that Gen Z represents a substantial portion of secondhand sellers, accounting for 41% of the market. The report also discusses the economic factors influencing these trends, such as inflation and changing consumer preferences towards sustainable shopping. Additionally, it notes that higher-income households are leading in secondhand spending, while the average spending per transaction has been declining across all income groups. The findings suggest a shift towards resale as a more frequent shopping option for consumers seeking budget-friendly and environmentally sustainable alternatives.