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 penetration in secondhand retail. Discussing the opportunity that the category presents, Depop owner Etsy shared on its most recent earnings call...
In a bid to draw consumers to its eCommerce platform, eBay is exploring new retail avenues. The online retailer served as a go-to site for online shopping in the past, offering a wide range of products, from rare collectibles to everyday items. However, as eCommerce...
The holidays are fast approaching, and gifts are on everyone’s minds. With so many shopping apps available, it can be overwhelming to pick one to browse. Fortunately, PYMNTS has you covered. This edition of PYMNTS’ Provider Rankings of Shopping Apps has multiple sets of ties all...
Poshmark is shuttering some overseas operations and paying greater attention to America’s recommerce market. “In order to focus on Poshmark’s North America business and drive meaningful growth in its core markets of the United States and Canada, the company has made the difficult decision to close...
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 penetration in secondhand retail. Discussing the opportunity that the category presents, Depop owner Etsy shared on its most recent earnings call that as the resale marketplace’s performance has improved, there is […]
August 03, 2023
In the age of digital commerce, consumers have long been searching for more intuitive ways to discover and purchase products. One notable challenge in this process has been the gap...
March 30, 2023
What was once old is new again (and again) as brands and consumers fully embrace the potential of preowned. The resale trend has been steadily growing for years, with preconceived...
January 16, 2023
Some clothing firms are mulling creative resale partnerships as economic concerns continue to plague the sector. Slumping sales have clothing merchants, from Big Retail to Main Street, scrambling to make...
October 20, 2023
Poshmark is shuttering some overseas operations and paying greater attention to America’s recommerce market. “In order to focus on Poshmark’s North America business and drive meaningful growth in its core markets of the United States and Canada, the company has made the difficult decision to close the Poshmark marketplace in Australia, India, and the U.K.,” Poshmark […]
October 15, 2023
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, told The New York Times...
April 05, 2023
Fashion resale platform Poshmark has entered the world of livestream shopping. The company Wednesday (April 5) debuted Posh Shows, which allows people to livestream on the site for the first...
January 20, 2023
Wallapop has reportedly raised 81 million euros (about $88 million) to grow its peer-to-peer marketplace. The Spanish firm, whose app facilitates buying and selling secondhand products, will use the new...
