How Goodwill is Winning in a Market That’s Struggling

June 17, 2025

From luxury and fast fashion retailers to independents, the current wave of economic challenges has been hard on everyone. Rising costs, a consumer spending lull, and tariffs have created a perfect storm.

The resale industry, meanwhile, is doing slightly better as shoppers turn to secondhand retailers both for better prices and sustainability practices. According to ThredUp’s recent resale report, the secondhand apparel market in the US was up 14% in 2024, marking its “strongest annual growth since 2021 and outpacing the broader retail clothing market.”

At Goodwill—which is sort of the holy grail of secondhand—sentiments are similar. In fact, according to David Eagles, Goodwill Industries International’s chief operating officer, the company’s retail revenue was somewhere between $6 billion and $7 billion.

Read the article here: https://www.retailbrew.com/stories/2025/06/17/how-goodwill-is-winning-in-a-market-that-s-struggling