I own a reselling business with my wife, and sales are booming. I can't attribute our growth to anything other than the tariffs.
The business supplies secondhand clothing nationwide.
Thrift Vintage Fashion saw a 41% revenue increase after tariffs were announced.
This as-told-to essay is based on a conversation with Ryan Frankel, a 36-year-old business owner in Miami. It has been edited for length and clarity.
My primary business is Thrift Vintage Fashion, which I launched in 2020 with my wife, Evelyn. We supply secondhand clothing — mostly men's wear, such as T-shirts, sweatshirts, and denim — to stores nationwide. When Trump took office in January, our sales took a steep decline.
Once he came into office, there was a lot of uncertainty. However, we noticed a significant incline once tariffs were announced in February. From February to March, we saw an unprecedented 41% increase in revenue (gross sales). Then we had our best March and April since we started the business.
I can't attribute our growth to anything other than the tariffs.
My grandfather began selling men's secondhand clothing after World War II. In the 90s, my father primarily sold denim and Levi's. When I started working with my father in 2010, we brought the business online and got our name out there.
After I launched Thrift Vintage Fashion, which is primarily a wholesale B2B business, it popped off right away. We did over $1 million in revenue in our first year working out of our garage during peak COVID in 2020. This was mainly due to my experience working with my father over the previous decade and improving the model and ordering efficiency through the TVF website.
Many clients — primarily secondhand clothing stores (big and small), vintage clothing stores, and online resellers — reached out to ask if the tariffs had affected our business. There was a lot of uncertainty, but we were able to confidently say, "No, we're not affected, and we're not going to raise our prices." Since then, we've just seen a slew of new orders come in, in addition to existing clients ordering a lot more.
Consumers preparing for prices to go up is another factor that has increased our secondhand sales. Everyone's talking about how fashion prices are going up, but since secondhand circulates within the US, no tariffs are affecting it at all.
People are potentially looking into reselling more, which is positively affecting my wholesale business. We've seen steady growth across the US.
The US has been our primary market for the last three years, and we see increasing interest from new and existing resale clients. Our numbers are growing, our existing customers are doubling down on their business, and there's increasing demand in the secondhand market. I'm biased, as this is my career, but it's an excellent opportunity for shoppers and business owners to consider selling and buying secondhand goods.
There's so much of it out there: eBay, estate sales, garage sales, or storage units. A lot of secondhand merchandise is way better quality than most things produced today, and there's a growing demand for all of it. We're buying more goods and building our supply chain, prepping for growth in both wholesale and retail sectors.
Believe it or not, many used clothing articles cost more than many new clothing items made today. So, our company is always up against the perception of selling something used for the same price or more than new clothing. However, this perception is shifting daily, with people recognizing the value of secondhand versus cheap new fashion.
Every day, we're shedding the old stigma of secondhand shops being viewed as "less than." The fact is that the items we sell are in excellent condition. While many brands produce cheap, throwaway fast fashion, older clothes were often made more durably. Whether the clothes were made five or 15 years ago, many desirable styles have become rare by nature and hard to find, thus increasing their value.
If you're already selling secondhand items, that's great; stick with it. You're probably seeing increases already, and I think it will continue. If you're not selling secondhand, especially if you're worried about tariffs, I would consider trying to implement it into your existing business.
There are so many significant factors in buying secondhand that the average American consumer slowly recognizes more each day. There are also opportunities to grow a brand reselling the billions of secondhand garments in circulation. I believe we're past the days of "thrifting" carrying a negative connotation. We're scratching the surface of what's possible with secondhand.
If you're a small-business owner with a unique story that you would like to share, please email the editor, Manseen Logan, at mlogan@businessinsider.com.
Read the original article on Business Insider
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Australian court fines Qantas US$59 million for illegal layoffs
An Australian court fined Qantas Aus$90 million (US$59 million) on Monday for illegally laying off 1,800 ground staff during the Covid-19 pandemic, ending a five-year legal battle over the workers' rights. Federal Court Justice Michael Lee said he wanted the penalty to be a "real deterrence" to firms that might be tempted by the financial rewards of breaching employment law. Qantas decided to sack the workers and outsource their jobs in August 2020, a period of lockdowns and border closures when no Covid-19 vaccine existed. Australia's Federal Court subsequently found that Qantas had acted illegally despite its stated "commercial imperatives" and later dismissed an appeal by the airline. It said the carrier had prevented staff from accessing their rights to collectively bargain or take industrial action. Long-dubbed the "Spirit of Australia", 104-year-old Qantas has been on a mission to repair its reputation, which was hit in recent years by the illegal sackings, soaring ticket prices, claims of sloppy service, and the selling of seats on already-cancelled flights. Qantas chief executive Vanessa Hudson took over in 2023, promising to improve customer satisfaction. She replaced Alan Joyce, who stepped down earlier than planned as Qantas endured heavy criticism over its treatment of workers and passengers, despite delivering bumper profits for shareholders. - 'Move on' - Qantas' fine is to be paid in two parts, the court said, with Aus$50 million going to the Transport Workers Union and Aus$40 million being held for future payments to the former workers. The penalty is in addition to a compensation payment of Aus$120 million for affected former employees that Qantas agreed to last year. "It has been five long years. Today is a victory, not just for our colleagues but for all Australian workers," said Anne Guirguis, who worked at Qantas for 27 years cleaning aircraft before being laid off. "We can close this chapter and move on now," Guirguis told reporters outside court. Transport Workers' Union National Secretary Michael Kaine described Monday's decision as a "final win" for the Qantas workers. "Qantas was not sorry to workers when it illegally outsourced these workers, many finding out they'd lost their jobs over a loudspeaker in the lunch room," Kaine said. "Qantas is only sorry now that it has to pay the largest penalty fine of any employer in Australian corporate history." lec/djw/cwl
Epoch Times
an hour ago
- Epoch Times
Qantas Hit With $90 Million Penalty for Illegal Outsourcing During COVID-19
Australia's largest airline has been ordered to pay a penalty of at least $90 million (US$58.7 million) for illegally outsourcing 1,800 ground handling jobs during the COVID-19 pandemic. According to the decision, handed down by Federal Court Justice Michael Lee on Aug. 18, $50 million of the fine should be paid directly to the Transport Workers Union (TWU), with the remaining $40 million to be determined at a later hearing.
Yahoo
2 hours ago
- Yahoo
Qantas hit with huge fine in court, rush hour chaos after crash on major bridge, leaders 'very afraid' of Trump meeting
Hello and welcome to Yahoo's live news blog this Monday. Qantas has been hit with a huge $90 million fine after illegally sacking 1,800 workers during the Covid-19 pandemic. The union behind the workers has called for it to surpass $100 million. A crash on Sydney's Anzac Bridge has caused traffic chaos this morning. The five-vehicle crash left thre lanes heading into the city closed as traffic backed up several kilometres. Follow along as we bring you regular updates throughout the day. Qantas cops $90m fine after depriving workers of their 'human dignity' In news just in, Qantas has copped a $90 million fine for illegally sacking 1,800 workers during the Covid pandemic. The Transport Workers Union had sought the maximum penalty of $121 million, while Qantas urged Justice Michael Lee to impose a "mid-range" penalty between $40 million and $80 million. The Federal Court judge cited the "sheer scale of the contraventions, being the largest of their type" as a reason to impose a penalty that would deter other businesses from similar conduct. He ordered Qantas to pay $90 million in penalties, $50 million of which is to be paid directly to the union that brought the proceedings and highlighted the illegal conduct. "To deprive someone of work illegally is to deprive someone of an aspect of their human dignity, and this is not assuaged simply by expressions of regret," Justice Lee said. He was scathing about the embattled airline's conduct after the outsourcing, pointing to efforts to place a "less than candid" picture of the outsourcing decision before the court. Treasurer admits 'a lot of work to do' for productivity Treasurer Jim Chalmers is warning there is no quick fix for productivity as the government is set to commence its much-hyped round table. "Productivity has been elusive over the last couple of decade, but it will be essential to the couple of decades ahead. That's what motivates and drives us in this economic reform round table," he told reporters on Monday. "This productivity challenge has been bedevilling our economy for a couple of decades. The weakest decade for productivity growth in the last 60 years was the Coalition decade. That is the situation we inherited. It will take some time to turn around. "We have a lot of work to do." 'Boring' Aussie dad's first move after winning lottery A self-described "boring guy" headed straight to Google after landing $1.6 million as one of four division one winners in the Saturday Lotto. The Armidale father went through all the questions in his head via the search engine, admitting he was unable to sleep after the huge win. 'It's all a bit surreal. When I checked my ticket on my online account, my first reaction was 'Holy dooly!'. It was crazy to see right in front of me," he told lottery officials. 'A thousand thoughts started going through my mind. I was wondering whether it was real or not, and what I needed to do now." World leaders move to avoid unwanted Trump scenario European and NATO leaders announced they will join Ukraine President Volodymyr Zelensky at the White House to present a united front in talks with Donald Trump on ending Russia's war in Ukraine. Leaders from Britain, France, Germany, Italy and Finland are rallying around the Ukrainian president after his exclusion from Trump's summit on Friday with Russian President Vladimir Putin. Their pledge to be at Zelensky's side at the White House on Monday is an apparent effort to ensure the meeting goes better than the last one in February, when Trump berated Zelenskyy in a heated Oval Office encounter. 'The Europeans are very afraid of the Oval Office scene being repeated and so they want to support Mr Zelensky to the hilt,' said retired French Gen. Dominique Trinquand, a former head of France's military mission at the United Nations. 'It's a power struggle and a position of strength that might work with Trump,' he said. Read more from Associated Press here. Rush hour chaos as city-bound lanes closed Sydney has been plunged into traffic chaos after a five-vehicle crash on the Anzac Bridge, with cars backed all the way up to Leichhardt. The crash happened in the eastbound lanes about 6.30am on Monday. Live traffic cameras show three of the four eastbound lanes are blocked, and the gridlock stretches back almost 3km down the A44. The right-hand westbound lane is also blocked by emergency response vehicles. An Ambulance NSW spokesman said five vehicles were involved in the crash; three cars, a motorbike and a truck. All people who needed to be checked by paramedics had minor injuries, the spokesman said. The male motorbike rider was still however taken to the Royal Prince Alfred Hospital. Images show at least four police vehicles and two road crews are on scene. A damaged dark-coloured sedan stopped sideways across two lanes was put onto a tow truck about 7am. There is also a cement truck which appears to have been involved in the crash. Live Traffic NSW are advising motorists to slow down to 40km/h and plan for their commute to take extra time. - NewsWire Qantas set for big fine after illegally sacking workers Australia's largest airline is staring down the barrel of another nine-figure fine for illegally sacking more than 1800 workers during the COVID-19 pandemic. The Federal Court will hand down a hefty penalty to Qantas on Monday in what will be the latest court blow for the airline after a scandal-plagued recent tenure. Qantas outsourced its baggage handlers, cleaners and ground staff in 2020, in a move the court ruled was designed to curb union bargaining power in wage negotiations. It appealed the ruling to the High Court but the decision was not overturned, paving the way for Monday's penalty. The Transport Workers Union has sought the maximum penalty of $121 million, while Qantas has urged Justice Michael Lee to impose a "mid-range" penalty between $40 million and $80 million. Qantas will cop the fine on top of a $120 million compensation payment it has made to the ground staff for their economic loss, pain and suffering since their jobs were outsourced during the pandemic. It has argued the actions were a mistake, not a deliberate breach of the law. Qantas also sold tickets to cancelled flights for several years, triggering more legal turmoil and a $100 million fine after it was sued by the Australian Competition and Consumer Commission. The carrier, which was under the control of Alan Joyce at the time of the illegal sacking, lost billions of dollars during the pandemic, which decimated the aviation sector. But the former CEO did not address the scandal when he spoke at an aviation conference on Thursday, instead spruiking his ability to keep the airline afloat in unprecedented times. "But here's the real insight: resilience isn't a reaction … it's a decision made years in advance, often when it's uncomfortable, even unpopular," he said. "Qantas was the only major Australian airline not to go bankrupt during or after the pandemic … that wasn't luck. That was resilience." Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube. Qantas cops $90m fine after depriving workers of their 'human dignity' In news just in, Qantas has copped a $90 million fine for illegally sacking 1,800 workers during the Covid pandemic. The Transport Workers Union had sought the maximum penalty of $121 million, while Qantas urged Justice Michael Lee to impose a "mid-range" penalty between $40 million and $80 million. The Federal Court judge cited the "sheer scale of the contraventions, being the largest of their type" as a reason to impose a penalty that would deter other businesses from similar conduct. He ordered Qantas to pay $90 million in penalties, $50 million of which is to be paid directly to the union that brought the proceedings and highlighted the illegal conduct. "To deprive someone of work illegally is to deprive someone of an aspect of their human dignity, and this is not assuaged simply by expressions of regret," Justice Lee said. He was scathing about the embattled airline's conduct after the outsourcing, pointing to efforts to place a "less than candid" picture of the outsourcing decision before the court. In news just in, Qantas has copped a $90 million fine for illegally sacking 1,800 workers during the Covid pandemic. The Transport Workers Union had sought the maximum penalty of $121 million, while Qantas urged Justice Michael Lee to impose a "mid-range" penalty between $40 million and $80 million. The Federal Court judge cited the "sheer scale of the contraventions, being the largest of their type" as a reason to impose a penalty that would deter other businesses from similar conduct. He ordered Qantas to pay $90 million in penalties, $50 million of which is to be paid directly to the union that brought the proceedings and highlighted the illegal conduct. "To deprive someone of work illegally is to deprive someone of an aspect of their human dignity, and this is not assuaged simply by expressions of regret," Justice Lee said. He was scathing about the embattled airline's conduct after the outsourcing, pointing to efforts to place a "less than candid" picture of the outsourcing decision before the court. Treasurer admits 'a lot of work to do' for productivity Treasurer Jim Chalmers is warning there is no quick fix for productivity as the government is set to commence its much-hyped round table. "Productivity has been elusive over the last couple of decade, but it will be essential to the couple of decades ahead. That's what motivates and drives us in this economic reform round table," he told reporters on Monday. "This productivity challenge has been bedevilling our economy for a couple of decades. The weakest decade for productivity growth in the last 60 years was the Coalition decade. That is the situation we inherited. It will take some time to turn around. "We have a lot of work to do." Treasurer Jim Chalmers is warning there is no quick fix for productivity as the government is set to commence its much-hyped round table. "Productivity has been elusive over the last couple of decade, but it will be essential to the couple of decades ahead. That's what motivates and drives us in this economic reform round table," he told reporters on Monday. "This productivity challenge has been bedevilling our economy for a couple of decades. The weakest decade for productivity growth in the last 60 years was the Coalition decade. That is the situation we inherited. It will take some time to turn around. "We have a lot of work to do." 'Boring' Aussie dad's first move after winning lottery A self-described "boring guy" headed straight to Google after landing $1.6 million as one of four division one winners in the Saturday Lotto. The Armidale father went through all the questions in his head via the search engine, admitting he was unable to sleep after the huge win. 'It's all a bit surreal. When I checked my ticket on my online account, my first reaction was 'Holy dooly!'. It was crazy to see right in front of me," he told lottery officials. 'A thousand thoughts started going through my mind. I was wondering whether it was real or not, and what I needed to do now." A self-described "boring guy" headed straight to Google after landing $1.6 million as one of four division one winners in the Saturday Lotto. The Armidale father went through all the questions in his head via the search engine, admitting he was unable to sleep after the huge win. 'It's all a bit surreal. When I checked my ticket on my online account, my first reaction was 'Holy dooly!'. It was crazy to see right in front of me," he told lottery officials. 'A thousand thoughts started going through my mind. I was wondering whether it was real or not, and what I needed to do now." World leaders move to avoid unwanted Trump scenario European and NATO leaders announced they will join Ukraine President Volodymyr Zelensky at the White House to present a united front in talks with Donald Trump on ending Russia's war in Ukraine. Leaders from Britain, France, Germany, Italy and Finland are rallying around the Ukrainian president after his exclusion from Trump's summit on Friday with Russian President Vladimir Putin. Their pledge to be at Zelensky's side at the White House on Monday is an apparent effort to ensure the meeting goes better than the last one in February, when Trump berated Zelenskyy in a heated Oval Office encounter. 'The Europeans are very afraid of the Oval Office scene being repeated and so they want to support Mr Zelensky to the hilt,' said retired French Gen. Dominique Trinquand, a former head of France's military mission at the United Nations. 'It's a power struggle and a position of strength that might work with Trump,' he said. Read more from Associated Press here. European and NATO leaders announced they will join Ukraine President Volodymyr Zelensky at the White House to present a united front in talks with Donald Trump on ending Russia's war in Ukraine. Leaders from Britain, France, Germany, Italy and Finland are rallying around the Ukrainian president after his exclusion from Trump's summit on Friday with Russian President Vladimir Putin. Their pledge to be at Zelensky's side at the White House on Monday is an apparent effort to ensure the meeting goes better than the last one in February, when Trump berated Zelenskyy in a heated Oval Office encounter. 'The Europeans are very afraid of the Oval Office scene being repeated and so they want to support Mr Zelensky to the hilt,' said retired French Gen. Dominique Trinquand, a former head of France's military mission at the United Nations. 'It's a power struggle and a position of strength that might work with Trump,' he said. Read more from Associated Press here. Rush hour chaos as city-bound lanes closed Sydney has been plunged into traffic chaos after a five-vehicle crash on the Anzac Bridge, with cars backed all the way up to Leichhardt. The crash happened in the eastbound lanes about 6.30am on Monday. Live traffic cameras show three of the four eastbound lanes are blocked, and the gridlock stretches back almost 3km down the A44. The right-hand westbound lane is also blocked by emergency response vehicles. An Ambulance NSW spokesman said five vehicles were involved in the crash; three cars, a motorbike and a truck. All people who needed to be checked by paramedics had minor injuries, the spokesman said. The male motorbike rider was still however taken to the Royal Prince Alfred Hospital. Images show at least four police vehicles and two road crews are on scene. A damaged dark-coloured sedan stopped sideways across two lanes was put onto a tow truck about 7am. There is also a cement truck which appears to have been involved in the crash. Live Traffic NSW are advising motorists to slow down to 40km/h and plan for their commute to take extra time. - NewsWire Sydney has been plunged into traffic chaos after a five-vehicle crash on the Anzac Bridge, with cars backed all the way up to Leichhardt. The crash happened in the eastbound lanes about 6.30am on Monday. Live traffic cameras show three of the four eastbound lanes are blocked, and the gridlock stretches back almost 3km down the A44. The right-hand westbound lane is also blocked by emergency response vehicles. An Ambulance NSW spokesman said five vehicles were involved in the crash; three cars, a motorbike and a truck. All people who needed to be checked by paramedics had minor injuries, the spokesman said. The male motorbike rider was still however taken to the Royal Prince Alfred Hospital. Images show at least four police vehicles and two road crews are on scene. A damaged dark-coloured sedan stopped sideways across two lanes was put onto a tow truck about 7am. There is also a cement truck which appears to have been involved in the crash. Live Traffic NSW are advising motorists to slow down to 40km/h and plan for their commute to take extra time. - NewsWire Qantas set for big fine after illegally sacking workers Australia's largest airline is staring down the barrel of another nine-figure fine for illegally sacking more than 1800 workers during the COVID-19 pandemic. The Federal Court will hand down a hefty penalty to Qantas on Monday in what will be the latest court blow for the airline after a scandal-plagued recent tenure. Qantas outsourced its baggage handlers, cleaners and ground staff in 2020, in a move the court ruled was designed to curb union bargaining power in wage negotiations. It appealed the ruling to the High Court but the decision was not overturned, paving the way for Monday's penalty. The Transport Workers Union has sought the maximum penalty of $121 million, while Qantas has urged Justice Michael Lee to impose a "mid-range" penalty between $40 million and $80 million. Qantas will cop the fine on top of a $120 million compensation payment it has made to the ground staff for their economic loss, pain and suffering since their jobs were outsourced during the pandemic. It has argued the actions were a mistake, not a deliberate breach of the law. Qantas also sold tickets to cancelled flights for several years, triggering more legal turmoil and a $100 million fine after it was sued by the Australian Competition and Consumer Commission. The carrier, which was under the control of Alan Joyce at the time of the illegal sacking, lost billions of dollars during the pandemic, which decimated the aviation sector. But the former CEO did not address the scandal when he spoke at an aviation conference on Thursday, instead spruiking his ability to keep the airline afloat in unprecedented times. "But here's the real insight: resilience isn't a reaction … it's a decision made years in advance, often when it's uncomfortable, even unpopular," he said. "Qantas was the only major Australian airline not to go bankrupt during or after the pandemic … that wasn't luck. That was resilience." Australia's largest airline is staring down the barrel of another nine-figure fine for illegally sacking more than 1800 workers during the COVID-19 pandemic. The Federal Court will hand down a hefty penalty to Qantas on Monday in what will be the latest court blow for the airline after a scandal-plagued recent tenure. Qantas outsourced its baggage handlers, cleaners and ground staff in 2020, in a move the court ruled was designed to curb union bargaining power in wage negotiations. It appealed the ruling to the High Court but the decision was not overturned, paving the way for Monday's penalty. The Transport Workers Union has sought the maximum penalty of $121 million, while Qantas has urged Justice Michael Lee to impose a "mid-range" penalty between $40 million and $80 million. Qantas will cop the fine on top of a $120 million compensation payment it has made to the ground staff for their economic loss, pain and suffering since their jobs were outsourced during the pandemic. It has argued the actions were a mistake, not a deliberate breach of the law. Qantas also sold tickets to cancelled flights for several years, triggering more legal turmoil and a $100 million fine after it was sued by the Australian Competition and Consumer Commission. The carrier, which was under the control of Alan Joyce at the time of the illegal sacking, lost billions of dollars during the pandemic, which decimated the aviation sector. But the former CEO did not address the scandal when he spoke at an aviation conference on Thursday, instead spruiking his ability to keep the airline afloat in unprecedented times. "But here's the real insight: resilience isn't a reaction … it's a decision made years in advance, often when it's uncomfortable, even unpopular," he said. "Qantas was the only major Australian airline not to go bankrupt during or after the pandemic … that wasn't luck. That was resilience."
