A coalition of global fashion brands and digital marketplaces is mounting a campaign to eliminate sales taxes on secondhand clothing, according to a report June 30 from Retail Brew. The group argues that taxing items at the point of resale constitutes “double taxation,” as the...
The value of the luxury resale space reportedly grew to $59 billion last year. That’s according to a report Tuesday (Feb. 24) by The Wall Street Journal (WSJ), which says the market for secondhand luxury goods is now growing faster than the primary market. The report describes...
United Kingdom ministers reportedly plan to make it illegal to resell tickets for live events at a price above face value. The plan is set to be announced Wednesday (Nov. 19) and will encompass tickets to concerts, sport, comedy and theater, the Financial Times reported...
The resale platform ThredUp reported its strongest year-over-year growth in nearly four years, buoyed by record new customer acquisition and higher engagement from existing buyers. But consumers are cautious moving into the holidays, according to commentary on the conference call after the market closed on...
January 17, 2025
For retailers, the rise of artificial intelligence-driven tools presents not just an opportunity, but a mandate to evolve. With its ability to process immense datasets, deliver hyper-personalized recommendations and negotiate prices, generative AI is transforming retail into an ecosystem where innovation and convenience collide. “AI isn’t replacing jobs, but those who don’t embrace it risk […]
December 16, 2024
The resale retail sector, once considered a niche market fueled by thrifty shoppers and vintage enthusiasts, has emerged as a multibillion-dollar industry. As just one data point, ThredUp, a quiet...
June 28, 2024
With consumers increasingly expecting to be able to get anything they want, when they want it, bridal retail is picking up the pace, according to Kleinfeld Bridal, the wedding retailer...
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...
August 18, 2026
IKEA plans to launch an online marketplace in the United Kingdom that will allow consumers to buy and sell pre-owned IKEA products, the company said in a Monday (Aug. 17) press release emailed to PYMNTS. Members of IKEA Family will be able to connect through the company’s platform and trade directly with one another, according to […]
July 06, 2026
A coalition of global fashion brands and digital marketplaces is mounting a campaign to eliminate sales taxes on secondhand clothing, according to a report June 30 from Retail Brew. The...
February 24, 2026
The value of the luxury resale space reportedly grew to $59 billion last year. That’s according to a report Tuesday (Feb. 24) by The Wall Street Journal (WSJ), which says the market...
November 17, 2025
United Kingdom ministers reportedly plan to make it illegal to resell tickets for live events at a price above face value. The plan is set to be announced Wednesday (Nov....
