While most retail stores are hanging on by a thread due to COVID-19’s assault on the U.S. economy, thrift stores, specifically consignment stores, are having the opposite problem: Business is booming! According to ThredUP.com, a major secondhand shopping site, the resale apparel market will grow to $64 billion from $28 billion in the next five years.
A consignment store is a type of resale shop where instead of relying on donations, people bring in items they wish to sell on the secondary market.
