MySize has brought its new subsidiary Percentil—the Israeli retail-tech company’s latest acquisition, which is a European managed marketplace for buying and selling used clothing—to the mail-ordered masses with Amazon Spain. The Madrid-made Percentil was founded in 2012 to find the next-best-closet for the likes of Mango and Massimo Dutti—operating in Spain, France, Germany and Italy before entering insolvency proceedings in early 2025. More from Sourcing Journal While some 8,100 storefronts shuttered th ...

Core Insights - The thrift shop boom is being led by Gen Z, with older generations joining due to inflation and tariffs [1] - The shift towards thrift shopping presents new business opportunities that enhance budget flexibility [1] Industry Growth - The global secondhand apparel market is projected to reach $367 billion by 2030, while the U.S. secondhand apparel market is expected to hit $74 billion by 2029 [4] - ThredUp has seen a 34% year-over-year revenue increase in Q3, with its stock rising over 400% year-to-date, indicating a growing recognition of the thrift shopping opportunity [5] Consumer Behavior - Buyers appreciate the quality and affordability of thrift clothing, with many viewing it as a sustainable choice rather than a downgrade [3] - ThredUp has 1.57 million active buyers, experiencing a record 54% year-over-year growth in new buyers, marking its best quarter for new buyer acquisition [6] Technological Impact - Artificial intelligence is enhancing the thrift shopping experience by simplifying item listings for sellers and helping buyers find clothing that suits their style [7]