Globally, customers lose USD 460 billion of value in the clothes they throw away. Low utilisation rates for clothes not only impacts the environment, but also the economy. The result is that huge volumes of clothes are landfilled or incinerated each year, not only losing the material, but also the energy, water, nutrients, land and many other resources used to produce textiles and garments. In the US, clothes are only worn for around a quarter of the global average and some garments are only worn between seven and ten times. At the same time, our New Textiles economy report showed, the number of times an item is worn (the ‘utilisation rate’) decreased by almost 40%. Resale’s projected growth is driven by more sellers putting great products into the market.īetween 20, the number of items of clothing sold each year more than doubled to about 100 billion units. The resale market, currently worth about USD9 billion is projected to increase to more than USD 47 billion by 2025.
ThredUP currently receives thousands of items per day, and has the capacity to process up to 100,000 daily, diverting clothes from landfill and back into use.
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ThredUP estimated that if everyone in the US bought one item used instead of new in 2020 it would save:ġ00 billion litres of water (1.25B showers)Ģ00 million kilos of waste (18,700 full garbage trucks) Analysis on the positive impact of re-commerce on the environment points to benefits across the whole spectrum of resources.
It is based on three principles, driven by design: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature. Keeping clothes in use for as long as possible is a central strategy of a circular economy circular economy A systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. Why it’s an example of the circular economy ThredUP buyers enjoy access to an ever-changing assortment of high-quality, low price clothes from more than 35,000 brands. thredUP then processes these items, carrying out quality inspection, itemisation, price analysis, storage and listing, so they can be resold. ThredUP sellers send in pre-loved clothes from any brand for free. Through its managed marketplace, thredUP has created a smarter and easier way to buy and sell secondhand clothes. ThredUP has designed a modern resale experience on one of the largest online platforms for women’s and kids’ apparel.
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