secondhand

China’s Secondhand Luxury Market Blooms as Consumers Feel Pinched
China’s Secondhand Luxury Market Blooms as Consumers Feel Pinched
November 24, 2024  |  Retail

While Chinese consumers are struggling, the country’s secondhand luxury market is reportedly thriving. As the Financial Times (FT) reported Sunday (Nov. 24), companies such as...

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Fleek Raises $20 Million to Expand Secondhand Apparel Platform
Fleek Raises $20 Million to Expand Secondhand Apparel Platform
November 12, 2024  |  Investments

London-based startup Fleek reportedly raised $20.4 million to expand its secondhand clothing platform. Fleek works with roughly 10,000 resellers and retailers in 70 countries, moving...

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Goodbye Treasure Hunts? AI Reshapes Online Thrifting
Goodbye Treasure Hunts? AI Reshapes Online Thrifting
November 05, 2024  |  Artificial Intelligence

The digital equivalent of rummaging through clothing racks may soon become a relic as ThredUp rolls out artificial intelligence to transform the happily chaotic world...

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Ikea Tests Appetite for Secondhand Furniture With ‘Preowned’ Marketplace
Ikea Tests Appetite for Secondhand Furniture With ‘Preowned’ Marketplace
August 26, 2024  |  Retail

IKEA is reportedly testing a peer-to-peer marketplace where customers can sell each other secondhand furniture. IKEA Preowned is the Swedish retailer’s attempt to take on...

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Trove Acquires Recurate to Expand Branded Resale Market Presence 
Trove Acquires Recurate to Expand Branded Resale Market Presence 
August 13, 2024  |  Acquisitions

Branded resale company Trove has acquired Recurate, a “significant” player in its industry. “This acquisition underscores Trove’s commitment to making branded resale more accessible and...

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The RealReal: Luxury Resale Shoppers Demand More Bang for Their Buck
The RealReal: Luxury Resale Shoppers Demand More Bang for Their Buck
August 06, 2024  |  Earnings

As consumers across income groups feel economic pressure, luxury secondhand marketplace The RealReal is seeing its customers continue to spend but demand more value for...

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ThredUp CEO: It Will Be a While Before Shoppers Splurge Again
ThredUp CEO: It Will Be a While Before Shoppers Splurge Again
August 05, 2024  |  Earnings

Amid revenue declines, ThredUp is not anticipating the financial pressure that consumers are feeling let up any time soon. The online consignment and thrift store...

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ThredUp Adds AI Tools to Fashion Resale Platform
ThredUp Adds AI Tools to Fashion Resale Platform
August 05, 2024  |  Retail

Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. The new offerings include an improved search function, an enhanced image search,...

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Kleinfeld Bridal Debuts Pre-Owned Wedding Dress Marketplace
Kleinfeld Bridal Debuts Pre-Owned Wedding Dress Marketplace
June 18, 2024  |  Retail

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...

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