secondhand

High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth
High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth
May 07, 2024  |  Retail

With high-income shoppers disproportionately growing their adoption of secondhand retail channels, The RealReal is seeing its consignment business grow. The luxury resale online marketplace shared in its...

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ThredUp: Low Consumer Confidence Is Keeping Shoppers From Clothing Splurges
ThredUp: Low Consumer Confidence Is Keeping Shoppers From Clothing Splurges
May 06, 2024  |  Retail

As consumers continue to feel economic pressures constrain their budgets, ThredUp sees shoppers pull back on buying clothes — even lower-cost secondhand ones. On a call with...

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Vinted Solves Resale Profitability Problem by Spreading Its Income Sources
Vinted Solves Resale Profitability Problem by Spreading Its Income Sources
April 29, 2024  |  Retail

As resale marketplaces struggle to turn a profit, Vinted appears to have cracked the code, diversifying its platform to bring in revenue from as many parts of the experience...

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Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
April 18, 2024  |  Transportation

Economic challenges or no, consumers still need to get where they are going, and many are now opting for secondhand sellers when buying vehicles, unable...

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Digital Resale Platforms Gain Traction as All Consumers Hunt for Better, Cheaper Stuff
Digital Resale Platforms Gain Traction as All Consumers Hunt for Better, Cheaper Stuff
March 06, 2024  |  eCommerce

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...

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ThredUp Uses AI to Take the Guesswork Out of Secondhand Shopping
ThredUp Uses AI to Take the Guesswork Out of Secondhand Shopping
March 05, 2024  |  Earnings

While thrifting has typically demanded consumers be open to some degree of randomness and discovery, ThredUp is using artificial intelligence search capabilities to improve the relevance and...

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Epson Takes a Tip From Apparel Retail With New Secondhand Play
Epson Takes a Tip From Apparel Retail With New Secondhand Play
February 14, 2024  |  Retail

With clothing and footwear brands increasingly turning to resale programs to reach cost-conscious consumers and drive loyalty, Epson is noting the opportunity to apply a...

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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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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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