(Disclosure: Rose Law Group represents Goodwill of Central and Northern Arizona.)
By Jessica Boehm | AXIOS Phoenix
What’s old is cool again — or at least affordable.
The big picture: Arizona’s secondhand retail industry — which includes thrift, consignment, resale and pawnshops — has grown at a clip of about 7% annually since 2020, and accounts for a $955 million market, according to an IBISWorld industry analysis.
That reflects a nationwide spike in secondhand shopping that is expected to grow an additional 32% by 2029, per Capital One Shopping Research.
Why it matters: At a time when consumers are skeptical about the economy, brick-and-mortar retailers are scaling back and landfills are teeming with used clothing, secondhand shopping offers a low-cost, environmentally friendly experience.
