Why are Thrift Store Prices on the Rise? (2024)

Why are Thrift Store Prices on the Rise? (3)

Enter: the thrift store. Savers, Goodwill, you name it. It might not look like much from the inside (or the outside quite honestly), but the gems that can be found hidden are surprisingly amazing. While searching through the endless racks of somewhat worn, somewhat smelly clothing, the ultimate grandpa sweater appears. It has to be cheap, right!? It’s some grandpa’s old, used, worn, gross sweater. WRONG. $17.99 the price tag reads. That’s right. Nearly $18 for a used sweater that the thrift store received for free. So, what’s going on? Why have thrift store prices become nearly equivalent to mall prices?

It’s easy to blame resellers on apps like Depop. It seems that resellers are the ones buying out thrift stores and marking up prices. While this contributes to the problem, as it causes competition for thrift stores, corporate greed is also to blame. What people often do not realize is that thrift stores like Savers and Goodwill are corporate. Both companies are for-profit. Corporate thrift stores are able to receive products for free, sell the products at high markups, and get away with it.

Thrift stores originally were created for a variety of reasons. Religious-affiliated ones used the profits to fund outreach programs. Other thrift stores would hire disabled and/or poor people, oftentimes in exchange for food and housing. Now, according to an article by Olivia B. Waxman of Time Magazine, thrift stores have become over a $14 billion dollar industry. What happened to helping others?

Why are Thrift Store Prices on the Rise? (4)

On the front door of Savers reads a sign, “We are a for-profit organization that champions reuse. Shopping here does not support any nonprofit, but donating your clothing and household items does! We pay our nonprofit partners for your stuff, helping them fund programs in our community.”

The same information can be found on the Savers website. The information is conflicting, as there are no nonprofit partners listed anywhere near this statement, on the door or online.

Similarly, Goodwill makes some contradicting statements. On their website, they claim to help their employees improve their lives by assisting them to grow in their positions and find a career. According to an article by the Colorado Springs Business Journal, from January 2023, though, some of Goodwill’s disabled employees make as little as $1.44 an hour. It is estimated that Goodwill pays around 7,300 disabled employees way below minimum wage.

Why are Thrift Store Prices on the Rise? (5)

So, why are the prices so high? As a child, I grew up in a lower-middle-class household. The thrift stores were the only place my family would shop because a full outfit would be under $10. After a recent trip to Goodwill, I was able to document some of the insane prices. $79.99 for a used wedding dress. $14.99 for a used, out-of-season dress.

Savers has explicitly stated that they are a for-profit company, despite receiving all products as donations. The popularity of thrifting has created an inflation in the prices these thrift companies can get away with.

The modern generation is also quick to blame TikTok and reselling apps for the rise of thrift prices. And, while not the main contributor, these apps have proved to be a threat to thrift stores. Several content creators on TikTok have devoted their content to solely creating thrifting videos and showing off what they are selling on Depop. Below is a list of creators who have made their content dedicated to thrifting. These are just a few examples. Searching simply for the word “thrift” on TikTok will generate an endless list of thrifting content creators.

Why are Thrift Store Prices on the Rise? (6)

This content has created an uptick in thrift store sales and what TikTok has named “resellers.”

A reseller is a person who buys large amounts of items from thrift stores, then resells them on online reselling platforms, such as Depop, for a much higher price.

While scrolling through Depop, it is easy to recognize that the prices are significantly higher than the thrift stores, which already sell their pieces for record-breaking prices. The sole difference between thrift stores and resellers is that resellers are buying their products.

Thrift stores have everything donated to them. Resellers are taking the time to sift through racks of clothing to create a curated collection of items, which they then purchase. Although it may seem unethical, this is what fast fashion companies often do- purchase from manufacturers to then sell at a higher price.

Why are Thrift Store Prices on the Rise? (7)

While resellers and TikTok can be blamed for a rise in the interest in thrifting, they can not be fully to blame for the high prices. At the end of the day, corporations are the ones deciding the prices of their donated products. Reselling would not be a trend if it were not successful.

Thrifting does not have to be a trend of the past. Despite the raised prices, it does have its benefits. Buying secondhand is great for the environment. Pieces that are purchased at a thrift store are much less likely to end up in a landfill.

Before shopping at a corporate thrift store, see if there are any local thrift stores in your area. Often times these are non-profit stores that benefit a good cause. Plus, the prices are noticeably cheaper. Some thrift stores, such as the ASPCA Thrift Store offer bins, where you can buy clothing and other items by the pound. Thrifting is a great alternative to supporting fast fashion and corporations, as long as it stays local and supports a cause.

Why are Thrift Store Prices on the Rise? (2024)

FAQs

Why are thrift stores raising prices? ›

Because lots of individuals are interested in being eco-friendly these days, they look for good second-hand items, so shops raise their prices because of this demand.” Furthermore, thrift stores have raised their prices due to the increased popularity of online resale platforms such as ThredUp and Depop.

Why is thrifting on the rise? ›

Whether fueled by a desire to shop more sustainably, find unique pieces, or save money, consumers have been increasingly turning to secondhand clothing stores for their new threads.

Do thrift stores negotiate prices? ›

Thrift store prices are low, but that doesn't mean they can't go lower. If you think something is priced too high for what is, ask if they're willing to take less for it. Just be polite in doing so and don't be discouraged if they're not open to bargaining.

What problem does thrifting solve? ›

1) Bettering The Environment

Thrifting promotes the reuse of these pieces, keeping more of these materials out of landfills for a longer period of time. In addition to reducing the amount of waste we create from manufacturing clothing, thrifting also decreases the amount of energy we use to make these clothing items.

Is thrifting better than buying new? ›

When it comes to clothing, electronics, and other home goods, it takes a lot of water and energy to make these items. When you thrift something, you are not directly supporting the demand for new things to be made, and this has a positive impact since resources and energy were already used to create that item.

Why did clothing prices go up? ›

There are myriad factors at play, but dramatic rises in the costs of shipping, materials, and manufacturing may have forced many brands to hike their prices to make a profit—and, in turn, to shift their focus away from aspirational shoppers and toward the kind of super-wealthy customer whose spending habits are not ...

What's the best day to go thrifting? ›

According to Goodwill, the perfect time slot to shop at thrift stores is in the morning on both Monday and Tuesday. This is because, at least as far as Goodwill is concerned, people tend to donate garage sale remnants on Sunday, so the pickings are new and fresh come early weekdays.

Is thrifting actually worth it? ›

Thrifting is a sustainable and budget-friendly way to shop new-to-you clothes! It gives you the opportunity to find unique garments for your wardrobe while saving money. Not to mention, it's great for the environment, benefits local businesses, and forces you to slow down the rapid consumption of new clothes.

Is thrifting still overconsumption? ›

Overconsumption and overdemand are the original causes of fast fashion, and they do not go away because you start shopping for second-hand clothes. It simply changes form. The overconsumption of thrifted apparel leads to a fast turnover rate in which people donate clothes at a similar rate to buying new ones.

What are the disadvantages of thrift shopping? ›

10 downsides of buying second hand (or how to make thrift shopping a success)
  • You are more likely to buy stuff you don't need. ...
  • Buying second hand takes patience. ...
  • Many second hand items need some work. ...
  • You don't always know if it's still working. ...
  • You don't always know the previous owner.

Why do thrift stores not have dressing rooms? ›

Why are fitting rooms closed? Keeping fitting rooms open, and maintained, requires additional staffing and expenses that we are not equipped to manage.

What pricing strategy do thrift stores use? ›

Thrift Store Pricing Approaches
  • Fixed Pricing. Fixed pricing involves having a set price for a product. No discounts or bargaining are involved. ...
  • Variable Pricing. Variable pricing is a model where the price of an item is based on demand. ...
  • Discounting and Sales. Discounting is huge in the thrift industry.
Jul 30, 2024

Why are people against thrifting? ›

The popularity of thrifting is negatively impacting low-income folks who depend on thrifting to put clothes on their backs. Great deals and being sustainable by thrifting can lead to overconsumption. Buying from secondhand stores causes the need to wash more clothes.

Why is everyone thrifting now? ›

As secondhand shoppers feel like they're saving something from ending up in a landfill, buying used clothing is no longer viewed as inferior to buying new. Thrifting today is "not only not a stigma," Craig said, "it's a badge of honor."

Why is thrifting more expensive now? ›

1. Increased popularity: Thrift store shopping (thrifting) has gained popularity in recent years greatly due to social media, content creation, environmental concerns, and a desire for unique or vintage items. This increased demand has driven prices up as thrift stores capitalize on the trend.

Why are savers so expensive now? ›

Savers has explicitly stated that they are a for-profit company, despite receiving all products as donations. The popularity of thrifting has created an inflation in the prices these thrift companies can get away with.

Is the thrift market growing? ›

Apparel's secondhand market is set to grow three times faster than overall global fashion, according to a new report. The global secondhand market will grow by 77.8% between 2023 and 2028, according to a new report.

Is thrifting good for the economy? ›

At the same time, thrift stores create jobs, support charities, reduce waste, and stimulate local economies. Shopping at thrift stores is one of the easiest ways to save money. Unlike regular retail stores that sell new merchandise at full price, thrift stores offer used goods at a fraction of the cost.

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