With young shoppers increasingly seeking more social shopping experiences across digital and physical channels, Poshmark is turning to virtual, live events to generate enthusiasm and engagement. The resale marketplace announced Thursday (June 13) the launch of Posh Party LIVE, a real-time virtual event centered on...
As consumers turn to secondhand shopping options to manage their budgets amid inflation, millennials are leading the way. By the Numbers For the January edition of the “Consumer Inflation Sentiment Report,” titled “Consumers Shop Secondhand Stores as Often as Other Retail,” PYMNTS Intelligence conducted a...
Shein has begun extending its resale platform to France, the United Kingdom and Germany. The platform will be expanded in phases. It is now available in France and will be extended next to the United Kingdom and then to Germany, the fashion and lifestyle retailer...
For secondhand goods marketplaces to function, they need to attract sellers, and those who want to resell items care about more than whether there are going to be buyers — they want it to be easy. By the Numbers The March edition of the PYMNTS...
April 10, 2024
In the latest edition of “The Paycheck-to-Paycheck Report: High-Income Consumers Lead Surprising New Data on Side Hustles,” PYMNTS Intelligence explored a variety of methods U.S. consumers pursue to pick up a little extra cash. For some, doing so is a necessity. Fifty-nine percent of U.S. consumers live paycheck to paycheck, including 42% of those earning […]
March 06, 2024
As consumers’ budgetary pressures prompt them to seek lower-priced options, many digital resale platforms are seeing growth, but eCommerce has a long way to go when it comes to driving...
January 09, 2024
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 a level that will move...
November 03, 2023
The demand for rental clothing, accessories and even footwear is gaining momentum. Inflationary pressures are not the only factor driving this trend, as consumers discover an alternate way to keep...
June 18, 2024
Bridal retailer Kleinfeld Bridal has introduced an online marketplace for pre-owned wedding dresses. KleinfeldAgain.com, announced Tuesday (June 18), is designed to address the “growing consumer movement toward circular fashion,” the company said, while meeting the needs of the bride “who doesn’t seek the traditional bridal experience in a salon with family and friends,” along with […]
June 03, 2024
Shein has begun extending its resale platform to France, the United Kingdom and Germany. The platform will be expanded in phases. It is now available in France and will be...
May 28, 2024
Faircado has raised €3 million (about $3.3 million) to continue building its artificial intelligence (AI)-powered reCommerce platform. “Faircado exists to empower every consumer to buy better — for their wallet...
May 15, 2024
EBay has unveiled a new “resell on eBay” feature designed to make it easier for brands and consumers to list clothing on the online marketplace. The new feature will be built...
