CONNECT WITH US
Tech

Tech

Secondhand gifts are going mainstream this holiday season

Fast Company logo

Published on

Add as a preferred source on Google
Secondhand gifts are going mainstream this holiday season

For most of history, holiday shopping came with an unspoken rule: Never give someone a used present. A preowned gift seemed cheap, or worse, thoughtless. But that taboo seems to be falling away.

For most of its 17-year history, ThredUp, which bills itself as the world’s largest online thrift store, saw a dip in sales over the holidays, in contrast to most retailers, who wait for the glut of holiday shopping to finally turn a profit for the year. “We were the inverse of traditional retail,” says Alon Rotem, ThredUp’s chief strategy officer.

Lately, though, ThredUp has noticed a shift. Its holiday sales are now growing faster than its sales during the rest of the year. Between 2023 and 2025, the number of items ThredUp sold during the holiday season grew 37%, compared with 22% for the full year.

To understand the trend, ThredUp commissioned a GlobalData survey of more than 2,000 U.S. adults. It found that 62% of Americans plan to buy at least one secondhand item this holiday season. More than 70% say they’re open to giving or receiving a preowned gift. And 55% would rather unwrap a one-of-a-kind vintage or hard-to-find secondhand item in excellent condition, than a brand-new one that’s been mass produced.

This embrace of secondhand comes as many Americans feel financially stretched after years of high inflation.

1%, according to the National Retail Federation . But many shoppers say their money didn’t go as far as they wanted. In ThredUp’s survey, 38% said they didn’t buy something for themselves, and 37% spent less on a gift than they’d hoped.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.