Cloth resale demand growth could see a CAGR of 15 to 20%

A recent study from the Boston Consulting Group (BCG) says that a composite annual growth rate (CAGR) of 15 to 20 percent could see resale demand growth increase in the next half-decade. The researchers alone estimated a possible CAGR of 100% for the next half-decade in some geographically located online resale matches. BCG surveyed 7,000 consumers in six countries and particularly people who work on the online fashion resale site, called Vestiaire Collective. The goal was to investigate a fast gaining competitive market, which is situated on the bright side of Covid-19’s drastic shifts in customer behavior.