Maybe it's time to start clearing out and cashing in?
Got a wardrobe stuffed with outfits you never wear? You’re not alone—Brits are hoarding £23 billion worth of unworn clothes, with the average person sitting on £439 of forgotten fashion.
The study, commissioned by second-hand fashion platform Loopi, revealed that 21% of people keep clothes because they’re emotionally attached, while 77% can’t bear to part with items they hope to wear “someday.”
While 39% feel happier and accomplished after a good declutter, many Brits are reluctant to sell their second-hand items.
Most say they don't have enough time to do so (40%), while others don't know where to sell (36%), or have fears of being scammed (22%).
Makala Green, a financial expert working with Loopi, who launched their website this week, said: "Decluttering is more than just making physical space. It’s about clearing mental clutter and regaining control.
“Many of us hold onto unworn clothes simply because we don’t have the time or energy to sell them. But this can lead to unnecessary stress, both mentally and financially.”
For those already selling their unused clothes online they racked in an average of £257 last year. And according to the study it's Gen Z who are leading the charge.
A quarter said their main motivation for clearing out was to make more wardrobe space. So maybe now's the time to cash in on your closet clutter while regaining some headspace.
Makala added: “Taking small steps to declutter can help you stay in control of your finances while making extra room in your wardrobe—and your life!”
READ MORE: Dehumidifier that removes mould, dries clothes and costs 12p to use now reduced in price
English (US) ·