Trade conferences often feature industry analysts, and yet an April 3 presentation from Colleen Baum, senior partner at McKinsey & Company, was nothing if not novel. That’s both because Baum was speaking at ReCon, which billed itself as “the only conference focused exclusively on resale,” and—fittingly but still unusually—she was speaking exclusively about the state of the global resale market. The State of Fashion 2026 report by McKinsey in partnership with Business of Fashion projects that the global secondhand apparel market will grow to $317 billion in 2027, up from an estimated $256 billion in 2025. So brisk is the growth of resale that in its recent annual report, ThredUp stated that the resale industry is taking “measurable” market share from new retail. Here are some of Baum’s insights from the ReCon stage. Keep reading here.—AAN |