Carrie Peterson, Founder of Beacon's Closet. 30 Years of Secondhand Retail

In the 5th segment of the season, we speak to the founder of Beacon's Closet Carrie Peterson. Beacon’s Closet is a secondhand shop based in #NYC operating 4 locations where consumers can buy, sell and trade their clothes. Beacon’s has been around for almost 30 years in business and whose model inherently provides sustainable options for consumers by promoting the consumption of second hand items, and extending the life of garments in circulation. In this episode, we discuss:-Importance of consumer choice -Environmental impact of buying secondhand-Quality of material and construction of garmentsSome key facts: -Secondhand clothing sales are set to double by 2027-An anticipated 10% of global fashion sales are set to be within the secondhand segment Secondhand is expected to grow 3x faster than traditional retail Seeing the numbers behind secondhand’s growth, big brands are taking note, and including a resale program into their main distribution channels. Companies like Patagonia, Carhartt, Diesel, and more are integrating this channel to capture the growing demand of secondhand thanks to platforms like Archive and Trove.  Beacon's Closet: https://beaconscloset.com/Youtube: https://youtu.be/jkbzqoSCW8Y