These stores are poised to benefit if US tariffs drive up new clothing costs | FOX 7 Austin

These stores are poised to benefit if US tariffs drive up new clothing costs

FILE-Image of a secondhand clothing store. (Photo by John Greim/LightRocket via Getty Images)

Some U.S. stores are likely to benefit from tariffs if the cost of clothing soars. 

Price hikes for clothes may compel consumers to explore online resale sites, consignment boutiques and thrift stores to search for deals or a way to sell their clothing for money.

RELATED: What companies are saying about tariff price hikes: Full list

Which stores may benefit from tariffs?

Why you should care:

The secondhand clothing retail industry is already thriving, but the uncertainty of President Donald Trump’s tariffs could influence whether these stores will increase their own prices due to consumer demand or to keep up with market trends. 

Poshmark

Poshmark, a digital platform where users buy and sell used clothing, has yet to see sales pick up under the tariff schedule President Donald Trump announced but is ready to capitalize on the moment, CEO Manish Chandra told the Associated Press. 

RELATED: Auto tariffs are now in effect: Here's what it means for people buying a car

Rebag

Rebag is an online marketplace that sells used designer handbags priced from $500 to tens of thousands of dollars, expects tariffs to help drive new customers and plans to open more physical stores, the AP reported, citing Rebag CEO Charles Gorra.

Depop

Depop is an app that’s popular among young people looking to buy and sell used clothing and vintage fashions from the early 2000s.

ThredUp

ThredUp is an online platform that lets consumers buy and sell used clothing, shoes, and accessories. The retailer operates as a consignment store, offering a selection of used items at discounted prices per the website. 

RELATED: 10 things that could cost more under new tariffs

Vinted 

Vinted is an online marketplace for consumers where they can buy, sell, and exchange new or secondhand goods. 

TheRealReal

The RealReal  is an online marketplace for customers to buy and sell luxury goods like shoes and handbags that are inspected by shopping experts to make sure the items are authentic. 

Used goods cost less than the latest items and only would be impacted by tariffs if it's imported from outside the U.S. The Associated Press reported, citing the market research firm Sensor TowereBay, that OfferUp, Poshmark, Mercari, Craigslist, Depop, ThredUp, TheRealReal and Vinted — increased by 3% between January and the end of March.

The Source: Information for this story was provided by the Associated Press, which cited market research firms and the Yale University Budget Lab. This story was reported from Washington, D.C. 

TariffsBusinessNews