What: It’s a good time to like vintage. Even as many fashion-forward retailers—including Macy’s and Zales Jewelry—are struggling to stay afloat, the owners of second-hand stores selling everything from clothes to books say business has been brisk. In fact, a new survey by the National Association of Resale & Thrift Shops (NARTS ) found that 64.1% of second-hand stores across the country have seen increased sales since the recession began, while 11.5% said business was “about the same.”
What NARTS Says:
“The resale industry is one of the few recession proof segments of retailing. Not only does it survive during economic downturns but it grows and thrives… shining with promise.”
What We Say: Second-hand shopping is a great way to save money. Not only can you score great discounts on designer clothes, but many vintage stores will also buy your used clothes as well, allowing you to take the money you earn in cash or use it as an in-store credit. Because we know this, we aren’t surprised at all that second-hand stores are seeing a boost in business.
However “second-hand” doesn’t necessarily mean “thrift”. Make sure you are getting a true deal on a previous worn item and not just paying for the “vintage” label.
What about you? Have you been doing more vintage shopping this year than in year’s past?