Just think of the money you’d save
We all have things lurking at the back of your wardrobe that we keep on the off chance we’ll wear them again, but we know deep down we won’t. Some impulse buys may even still have the tags on them…
But while you may not think about it that much, if you add up the cost of all those items, it’s actually quite scary (almost as scary as the amount we spend on renting in London).
Because as it happens, the average woman owns £2,400 worth of clothes she doesn’t wear, according to new research. That’s a lot, isn’t it?
According to online marketplace OnBuy.com, women don’t use around 60% of our closets, but it’s not all doom and gloom, as separate research from thredUP revealed they could save themselves £1,651 by reselling them.
And that’s exactly what more and more women are doing, as the data shows 21% of millennials intend on selling their unwanted clothes this year, while 3 and 10 have shopped second hand in the last year.
Add to that the trend towards minimalism and capsule wardrobes, and there is likely to be even more of a shift (apparently, women bought 37 items in 2016, versus 51 in 1996).
So if you are thinking of re-selling fashion items, then now’s a good time to do it, and in case you were wondering, the brands you’ll be likely to make the most money on are Nike, Lululemon, Michael Kors, Kate Spade, J.Crew and Tory Burch (according to Poshmark).