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National Thrift Store Day: August 17, 2022

Press Release Number CB22-SFS.110

According to NARTS: The Association of Resale Professionals:

“There are currently more than 25,000 resale, consignment and Not For Profit resale shops in the United States.

National Thrift Store Day

“Resale is a multi-billion dollar a year industry. There is a major discrepancy on annual revenues reported for the U.S. resale industry. First Research estimates the resale industry in the U.S. to have annual revenues of approximately $17.5 billion including revenue from antique stores which are 13% of their statistics. ThredUP, an online resale marketplace, pegs the total resale market in 2018 at $24 billion ... predicting it will reach $64 billion by 2028. The RealReal, a luxury consignment site, reported revenues of $207 million in 2018 and estimates 2020 revenues of $406 million and 2022 revenues of $700 million. In a Barron's article, Cowen retail analyst Oliver Chen estimates that The RealReal has a 14% share of the growing $7 billion U.S. market. Goodwill Industries alone generated $5.9 billion in retail sales from more than 3,000 Not For Profit resale stores and online sales in 2017. Crossroads Trading Co., based in Berkeley, CA, rang up over $60 million in sales in 2018. They have 37 locations, and over 300 employees and plan to add additional locations. Buffalo Exchange reported $87 million in sales in 2017 according to V.P. Rebecca Block in an article. Add to this the many thousands of single location shops, hundreds of multi-location chains, franchises and Not For Profit stores and you begin to realize the vast scope of this continually growing industry.”

Key Stats

Note: The table above is cropped at the bottom and modified to hide some columns. Click on the image for the full table. Click on the “Hide” tab to show hidden columns.

More Stats

Source: Monthly Retail Trade Survey, 1992-2022.

Source: 2017 Economic Census.

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