One of the fastest growing sectors in the fashion and apparel industry has been the resale market,

fueled by price and environmental concerns.

So what are the opportunities and challenges for retailers and investors,

and how will the macro challenges facing today's consumers

and how will the macro challenges facing today's consumers

affect the sector.

The conversation that's at the forefront,

particularly of the young generation,

but it's impacting all generations is the impact of

fashion on the planet. I'm sitting down with Karen Levin, a managing have boosted the popularity of shopping secondhand.

I'm sitting down with Karen Levin,

a managing director in the Consumer Retail Group

in our Investment Banking Division,

and James Reinhart, CEO of Threat Up,

an online consignment and thrift store.

James Karen, welcome to the program.

Thanks for having me.

Good to be here.

By all accounts, secondhand style is booming.

So, Karen, first just give us a sense of the size of the resale fashion

market and what drivers have gotten us here?

Absolutely. So in 2021, the global secondhand apparel market was just shy of a hundred billion and if you think about

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