Thrift shopping Millennials are redefining retail, and it could be hurting H&M and Forever 21.

Thrift shopping Millennials are redefining retail, and it could be hurting H&M and Forever 21. Young shoppers are turning to apps like Thredup, Poshmark, and Depop to resell their retail and buy used pieces—getting luxury pieces at a lower price. The $20 billion resale market has outperformed the overall retail market in the past five years according to IBISWorld. H&M and Forever 21 are feeling the loss of that market share, with the former reporting slowing sales and the latter reportedly “struggling to pay the bills.” (Insider)