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Furthermore, financial constraints could encourage more selling of goods," Helgans wrote. Roughly 1/3 of respondents making < $100K/yr reported cutting back on apparel. "Macro conditions could prove a further tailwind to the resale market, as widespread inflation constrains the consumer's wallet. REFASH has transformed what it means to buy and sell secondhand fashion with a vision to inspire a new generation of consumers to think secondhand first. Charity shop in Dubai that rehomes preloved clothes and items raising funds for children charities around the world. Buying gently pre-owned items can lead to huge savings in the long run. We strongly believe that every penny counts and you deserve to spend a small price for what you need. Inflation pressures could drive both sellers and buyers toward apparel resale, helping fuel the industry's growth, according to Jefferies. One of the things to remember about online thrift stores is that someone has to upload photos and a description of items in order for you to find them. BUY NOW Second Hand Shop Save up to 50 Pre Loved Items Tap To Shop ABOUT US Our family is dedicated to the thrill of finding unique items to make available for you. The firm also initiated coverage of Farfecth, Rent the Runway and the RealReal with buy ratings. ThredUp is not the only resale stock that Jefferies is bullish on. Jefferies set a price target of $13 per share for the stock, which is nearly 65% above where the stock closed on Thursday. Its infrastructure creates a wide competitive moat and is set to scale," Helgans wrote. Robust secular tailwinds are fueling 30% industry growth, and inflationary pressures may result in an additional boost. "ThredUp is uniquely positioned in the resale industry as the only managed marketplace for mass apparel & footwear. Being an online thrift store, we make it easier than.

Analyst Ashley Helgans initiated coverage of ThredUp with a buy rating, saying in a note to clients on Thursday that the company stands out among other resale names. We enable a community of thrifters to find affordable, quality secondhand apparel for the whole family. Strong growth prospects in the clothing resale market should fuel a big jump in ThredUp 's stock price, according to Jefferies. Thrift & Consignment Store, A retail thrift store that promotes recycling and re-use of used clothing, accessories, and other household goods in partnership.