What is the story about?
What's Happening?
US shoppers are increasingly visiting thrift stores to avoid price hikes on clothing due to President Trump's trade tariffs. Evergreen Goodwill reported a 6% increase in foot traffic, with its Seattle flagship seeing a 9% rise. The tariffs have raised wholesale inflation, affecting apparel prices. Thrift stores offer tariff-free shopping, attracting consumers looking for affordable options. Buffalo Exchange and Savers have also seen growth, with resale apps experiencing increased downloads and user activity.
Why It's Important?
The shift towards thrift shopping reflects consumer adaptation to economic pressures, highlighting the impact of trade policies on retail behavior. Thrift stores provide an alternative for budget-conscious shoppers, supporting sustainable consumption and reducing waste. The trend may influence the retail industry, encouraging more businesses to explore secondhand markets. It also underscores the resilience of thrift stores in economic downturns, offering value and variety to consumers.
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