resale

Consumers Turn to Social Media Platforms for Secondhand Products as Resale Partnerships Surge
Consumers Turn to Social Media Platforms for Secondhand Products as Resale Partnerships Surge
January 19, 2024  |  Retail

As the economy continues to grapple with rising prices and inflationary pressures, consumers are adjusting their purchasing habits to cope with the erosion of their...

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myGemma CEO: Luxury Resale’s Network Effect Fosters Loyalty, Repeat Business
myGemma CEO: Luxury Resale’s Network Effect Fosters Loyalty, Repeat Business
January 09, 2024  |  Retail

Luxury resale tends to be dominated by consignment platforms. Sites like The RealReal buy designer clothes, bags and jewelry, and then mark the prices to...

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Rebag CEO on Why the Future of Resale Is Diversification
Rebag CEO on Why the Future of Resale Is Diversification
November 23, 2023  |  Retail

As inflation takes its toll on consumer spending, luxury consignment stores are grappling with the effects, witnessing a notable increase in the challenges associated with...

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Consignment Shops Diversify to Boost Sales as Consumers Pull Back 
Consignment Shops Diversify to Boost Sales as Consumers Pull Back 
November 14, 2023  |  Retail

As the impact of inflation reverberates through consumer spending, luxury consignment shops feel the pinch, experiencing a surge in haute couture stress.  In a recent...

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ThredUP Says It’s Reeling in Premium Shoppers 
ThredUP Says It’s Reeling in Premium Shoppers 
November 06, 2023  |  eCommerce

ThredUP is reeling in a more upscale clientele.   “We’ve done a really good job as a team of focusing more of our buyer efforts on...

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Goodwill Focuses on eCommerce as Resale Competition Grows
Goodwill Focuses on eCommerce as Resale Competition Grows
October 15, 2023  |  eCommerce

Goodwill is increasing its eCommerce focus amid competition from brands like Poshmark and ThredUp. “There’s so much competition coming into the market now,” Matt Kaness, chief executive of GoodwillFinds eCommerce,...

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UK’s Sign of the Times to Expand Luxury Resale Platform
UK’s Sign of the Times to Expand Luxury Resale Platform
October 12, 2023  |  Retail

London-based luxury resale platform Sign of the Times, has recently received new investment from industry leaders, including BrandAlley and Sweaty Betty founder Tamara Hill-Norton. This investment round will...

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Will Nike Refurbished Be a Swoosh for Sneaker Resale?  
Will Nike Refurbished Be a Swoosh for Sneaker Resale?  
October 09, 2023  |  Retail

Despite consumers feeling the pinch on discretionary spending, Nike is witnessing robust direct-to-consumer (D2C) sales. In response, Nike has introduced Nike Refurbished, an online platform...

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Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
August 18, 2023  |  Merchant Innovation

Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone.  Etsy, Poshmark and Depop...

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