It could really take a bite from the big apple.
The used clothing industry can dodge rights to imported goods – but the impact of President Trump’s prices on thrift stores can still bring a demolition ball to city companies, resellers told post.
“There is a lot of rhetoric according to which everyone is going to turn in second hand (clothes) when the wallets tighten,” said Alexis Krase, owner of the second -sized store and BKlyn in Greenpoint.
“But overall, I think it ultimately means that people are also more critical of spending dollars in general: overall sales will be down.”
Krase, 40, said that she had already obtained a puff of what will happen – Trump first promulgated some of her international rates earlier this month – when her store saw “the worst day of sale that we had all year round”.
“We only made $ 250 (in sales) that day, which is not enough to pay my staff,” said Krase. “And the next day, when (Trump) made it go back, he returned to normal – there is certainly a fear that exists in consumer spending.”
Tourism in the Big Apple, said the post, should tanker due to the corresponding rates and uncertainty of the stock markets. And according to the National Director of Hospitality for Costar, an industry data tracker, the city “has probably not seen this type of deceleration since 2020”.
The northern trend of Brooklyn Nabes is also an important hotspot for European travelers – they represent about half of Krase’s overall clientele, she said – and a drop in foreign tourists could paralyze her shop.
Kate, the store manager for other people, a resale clothing store in Bushwick, told the post that a drop in tourism could not only be a blow for the company, but also the whole block of cafes and hip restaurants near Wyckoff avenue.
In the middle of the fear that brick and mortar purchases would drop, online sales could see a boom, however, according to data from new resale applications.
Nine online resale markets – including Ebay, Mercari, Depop and Craigslist – have seen the downloads increase from 3% from January to March in what serves as a quarterly of collective applications in three years, according to the Associated Press.
“I think there will be many more competitors on the market,” predicted Williamsburg resident Ale Aguirre, a long -standing success that has recently launched an online clothing and resale business.
But the competition coupled at prices could cause a rowing of secondary market prices.
Aguirre, 26, who founded Wings Ware with Pals Hannah Yi and Steph Bang, said that she had already seen price hikes in popular savings joints like the Beacon closet.
The Vintage Shopper train, Yulia, who refused to provide her last name, echoed that the second -hand market has become more and more inaccessible to the average consumer.
“Most thrift stores are already so expensive that it is cheaper to go to Zara,” said Williamsburg resident. “What is the next step?” People will start making their own clothes and hook.
“Rich children will be rich children whatever happens, and normal people as we will have to understand.”
Krase has promised not to increase prices, but Aguirre admitted to having faced an ethical dilemma on the opportunity to resell at a higher cost – especially if affordable clothes become more difficult to find.
“I don’t want to take people who finally need it, which, I think, we are very deliberate with what we end up buying,” said Aguirre.
Although prices can temporarily stimulate demand on the resale market, Steve Lamar, president of the American Apparel & Footwear Association, said that counterfeiters and other shady actors who find means to escape supplements will be the “real winners” in a trade war.
“The authentic and socially responsible brands have just made their job more difficult,” added Lamar.
In the end, Krase just hopes that Trump is taking an 180 “because … I think no small business can survive this.”
– With Lisa Fickenscher report
