ReCommerce

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
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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Nearly Half of High-Income Consumers Purchased Secondhand Products in 2023
Nearly Half of High-Income Consumers Purchased Secondhand Products in 2023
January 11, 2024  |  Retail

Despite the monthly inflation rate staying below 4% from June 2023 to November 2023, stagnant wages and rising prices have prompted consumers to adjust 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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Soum Raises $18 Million to Expand ReCommerce in MENA
Soum Raises $18 Million to Expand ReCommerce in MENA
December 20, 2023  |  eCommerce

ReCommerce platform Soum has raised $18 million to expand through the Middle East. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Ebay to Take on Poshmark, The RealReal for Luxury Resale Spend 
Ebay to Take on Poshmark, The RealReal for Luxury Resale Spend 
December 19, 2023  |  Retail

In a bid to draw consumers to its eCommerce platform, eBay is exploring new retail avenues. Get the Full Story Complete the form to unlock...

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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.  Get the Full...

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Main Street Meets Luxury Consignment Shops With a High-Tech Update
Main Street Meets Luxury Consignment Shops With a High-Tech Update
November 08, 2023  |  Retail

Luxury consignment is a thriving niche within the fashion industry, offering a sustainable and cost-effective way for consumers to access high-end, designer products at more...

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The RealReal Gets Real Revenue From Advertising
The RealReal Gets Real Revenue From Advertising
November 07, 2023  |  Retail

The RealReal has been doing a lot of cleanup in 2023, and the luxury consignment shop is hopeful to see the fruits of its labor...

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