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Kerstin and Spencer Block founded the resale chain Buffalo Exchange in 1974. Back then, secondhand clothing carried a stigma as a lower-class necessity, said Kerstin Block, the president and co-owner of Buffalo Exchange. The industry is expected to double in size, reaching $350 billion by 2027, and Buffalo Exchange is at the forefront of resale's emerging appeal. Popularizing the 'buy, sell, trade' modelKerstin (left) and Spencer Block in their first resale store in Tucson, Arizona. "It really is the fun part of the job — being in the store and helping customers," Rebecca said.
Persons: Kerstin, Spencer Block, Rebecca, , Kerstin Block, Rebecca Block, Tucson , Arizona . Buffalo Exchange Kerstin, Spencer, Jennifer Le Zotte, Le Zotte, Buffalo Exchange Spencer, Buffalo Exchange's Organizations: Buffalo Exchange, Service, Google, Buffalo, Tucson , Arizona . Buffalo Exchange, University of North, tote, Nike Locations: Buffalo, Tucson , Arizona, University of North Carolina, New York, Buffalo Exchange's Ventura , California
TikTokers are complaining about high prices in secondhand stores like Goodwill and Salvation Army. The US thrift market has grown substantially in recent years and thrifting has become a popular pursuit of Gen Z shoppers, who have been credited with championing a more sustainable way to shop. But Gen Z shoppers aren't only buying secondhand items for themselves. That is a dubious delineation when it comes to major secondhand clothing corporations," Jennifer Le Zotte, an assistant professor at the University of North Carolina Wilmington told Vox. 23-year-old Stefani Colvin, who has been thrifting since 2016, told Insider that prices have been gradually on the rise in thrift stores.
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