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. When the items sell, the shop and seller share in the sale, often a 50-50 split. Consignment shops sell clothing, home goods, art, furniture, and even books. However, apparel is the most popular category. Consignment shopping is an excellent way to find bargains on gently used clothing and also sell gently worn children’s and baby clothes for less than one-third of the retail price. And most cities …
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