resale

Rent the Runway’s First IPO Anniversary Marks Unexpected Pain and Reckoning
Rent the Runway’s First IPO Anniversary Marks Unexpected Pain and Reckoning
October 27, 2022  |  Retail

One year after its heady $1.7 billion initial public offering (IPO), fashion rental and resale company Rent the Runway is facing a far more humbling...

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Luxury Resale Competition Spikes as ‘What Goes Around’ Opens Amazon Storefront
Luxury Resale Competition Spikes as ‘What Goes Around’ Opens Amazon Storefront
October 21, 2022  |  Retail

For over 20 years, New York City’s original luxury reseller, What Goes Around Comes Around, has enjoyed a robust niche catering to the designer apparel...

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Nike Tries to Stamp out Sneaker Resellers
Nike Tries to Stamp out Sneaker Resellers
October 12, 2022  |  Retail

As part of its ongoing efforts to stop sneaker resellers, Nike has updated its terms of sale to say it could cancel online orders made...

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Poshmark Buyout Reflects Hidden Value Within Battered Resale Industry
Poshmark Buyout Reflects Hidden Value Within Battered Resale Industry
October 04, 2022  |  Retail

After months of declines that have seen investors fleeing and crushed valuations, the sudden outside interest of South Korea’s largest eCommerce group in acquiring Poshmark...

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South Korea’s Naver to Buy Poshmark in Bid to Boost eCommerce
South Korea’s Naver to Buy Poshmark in Bid to Boost eCommerce
October 03, 2022  |  Acquisitions

New and used apparel and home goods reseller market Poshmark said it is being acquired by South Korea’s Naver Corp., the companies announced Monday (Oct....

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Luxury Brands Take Second Look at Secondhand Sales
Luxury Brands Take Second Look at Secondhand Sales
September 27, 2022  |  Retail

If you can’t beat ‘em, join ‘em. That’s the retail response that a growing list of luxury apparel brands and designers are taking as a...

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EMEA Daily: Amazon Buys Cloostermans; Wise Brings SWIFT to Neobanks
EMEA Daily: Amazon Buys Cloostermans; Wise Brings SWIFT to Neobanks
September 09, 2022  |  emea

Today in Europe, the Middle East and Africa, Amazon acquired the Belgian robotics company Cloostermans and Wise Platform launched a new solution to help banks...

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Roger Federer-Backed Running Shoe Brand Launches Resale Site in Green Push
Roger Federer-Backed Running Shoe Brand Launches Resale Site in Green Push
September 09, 2022  |  Retail

Seeking to boost its sustainability and reach new customers, Swiss athletic footwear and apparel brand On — which is backed by tennis star Roger Federer...

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ThredUP: Apparel Resale ‘Uniquely Positioned’ to Weather Storm as Orders, Buyers Rise
ThredUP: Apparel Resale ‘Uniquely Positioned’ to Weather Storm as Orders, Buyers Rise
August 16, 2022  |  Retail

Clothing reseller thredUP saw double-digit percentage increases in the number of orders and buyers on its platform during the second quarter. The company had 1.7...

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