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On Tuesday, leading resale site Thredup released its annual report covering the present and future of the resale market as a whole. It posits that the resale market will be worth $41 billion by 2022, and 49 percent of that will be apparel.

We knew resale was thriving, but were surprised to learn how quickly it may overtake other markets and shopping methods — including fast fashion — and how millennials, despite being broadly wasteful, are driving this movement. Read on for the most interesting takeaways.

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Vijay Nanda

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