With tariffs creating economic uncertainty, resale companies might be emerging as winners as tightfisted consumers look toward buying used goods to save money. - Online clothing resale platform ThredUp found that 59% of consumers said they would explore resale shopping in response to tariff-induced price increases.
- The US secondhand apparel market grew 14% in 2024, five times more than the broader retail clothing market.
Revenue Brew spoke with three resale companies—BaseCamp, SidelineSwap, and Poshmark—leveraging their resale models to avoid tariff hardships. The businesses respectively utilized AI, partnerships, and even franchising to help adapt to the new environment. Product Revenue: Poshmark CEO Manish Chandra is fully aware that tariffs have consumers looking to save some dough, and for his company, this means opportunity. He has pushed his revenue team, consisting of about 50 to 75 sales reps and growth marketers, to work closely with product to use AI to turn trends into growth. Chandra is betting that making Poshmark’s website easier to navigate will turn current resale interest into long-term growth. “For us, our revenue growth is focused by investing in tech and product,” he said. This cross-team collaboration led to the development of two AI products: Smart List AI generates listings for sellers in seconds, while Posh Lens allows buyers to search Poshmark using images. We love Dick’s: For SidelineSwap, an online sporting goods resale platform, tariffs highlight the importance of strategic partnerships. In 2022, SidelineSwap teamed up with Dick’s Sporting Goods to quickly grow its business while also taking advantage of demand for used sporting goods, according to SidelineSwap’s co-founder and CEO Brendan Candon. Keep reading here.—BS |