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Sector Analysis
Rental and Resale Trends in the Global Apparel Market
The COVID-19 pandemic has posed a severe challenge for the apparel industry with stores being closed for months combined with lack of consumers’ willingness to spend on discretionary products, particularly work and occasionwear. Although the pandemic has taken a toll on global apparel demand, the apparel resale market is expected to gain popularity over the coming years. People have emptied their closets as they stayed at home during the pandemic, which has led to a boom in sellers in the...