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Economy

How thrifting became a $13 billion industry

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A screenshot of Macklemore's "Thrift Shop"
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Turns out "popping some tags" can boost the economy.

Do you shop resale? Do you have a favorite thrift shop?

The business of selling second-hand goods has become a $13 billion industry in this country annually.

It's grown about 7% over each of the past two years.

Now you'll find resale, thrift and consignment shops in most Michigan cities and towns.

What's behind the growth? And what does this "resale" economy offer us?

We're joined by Brenda Parker. She is a professor of Urban Planning at the University of Illinois at Chicago. She recently coauthored a piece on the restructuring of retail economies in this era of e-commerce.

And we welcome Chantal McDaniel. She is based in Grand Rapids, and she writes a thrift fashion blog called "Thrift Trick: Miles of Fashion on a Shoestring."

Listen to the full interview above.

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