Secondhand clothing stores may see increased business as tariffs drive up the cost of new clothing. Industry experts predict that tariffs could lead to a 65% increase in clothing prices and an 87% increase in leather goods prices. This could push cost-conscious consumers towards secondhand options. The secondhand market has been growing, with predictions suggesting it will outpace retail apparel sales. Younger generations have been primary buyers, but data shows expanding interest. Some companies are enhancing their platforms to capitalize on this trend. However, there are uncertainties regarding how long tariffs will last and whether secondhand sellers will also increase prices.
— new from AP News
