The secondhand clothes market in the United States has grown 21 times faster than retail sales of new clothing over the past three years. It’s currently worth in the region of $24 billion and is expected to reach $51 billion by the middle of the next decade.

For many, buying secondhand clothes used to have a stigma attached: you shopped in charity shops and thrift stores when you had no alternative. Not any more. The resale market for secondhand fashion is a runaway success and it seems everyone is getting in on the act.

Read full World Economic Forum article here