2020 – A Big Year for Old Clothes: Although fashion spending with the exception of ‘loungewear’ is down a record 79% since Covid forced Americans to start working from home last April, industry data suggests that secondhand and vintage are on the rise.
Although fashion spending with the exception of ‘loungewear’ is down a record 79% since Covid forced Americans to start working from home last April (Boston Consulting Group estimates 2020 will end with $640 billion in lost sales.), industry data suggests…