This story was originally published on sister site, Modern Retail.
When President Donald Trump’s sweeping tariffs were announced earlier this year, retail executives predicted that thrifting and secondhand shopping companies would be unexpected winners. Now, that forecast has come true: Companies including ThredUp, Depop, OfferUp and more are reporting record user growth, increased engagement and sales spikes, as consumers hunt for duty-free bargains.
“Tariffs are starting to creep into the psychology of the consumer, whether they’re realizing the price or they just have fear about the prices,” ThredUp CEO James Reinhart told sister publication, Modern Retail.
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