“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.”

Source: 2020 County Business Patterns (CBP).

Source: Monthly Retail Trade Survey, 1992-2022.