PYMNTS-MonitorEdge-May-2024

secondhand

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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H&M Embraces Secondhand Retail With ‘Pre-Loved’ Collection
H&M Embraces Secondhand Retail With ‘Pre-Loved’ Collection
September 13, 2023  |  Retail

H&M is planning to sell secondhand clothing from its flagship London store. The Swedish apparel retailer will debut its “Pre-Loved” collection of womenswear Oct. 5,...

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StockX’s Luxury Resale Dominance: Can Everday Sneakers Step Up?
StockX’s Luxury Resale Dominance: Can Everday Sneakers Step Up?
August 19, 2023  |  Retail

Sneaker rental platform Kyx World learned a hard lesson in January. Demand for its shoes dropped, and it had to abruptly cease operations just a month after securing a...

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eBay Acquires Certilogo to Boost Brand Authentication
eBay Acquires Certilogo to Boost Brand Authentication
May 17, 2023  |  Retail

eBay is ramping up its luxury efforts with the purchase of authentication firm Certilogo. The deal gives eBay access to the Certilogo technology platform, which lets brands...

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Selfridges Launches Pop-up Shop Devoted to Pre-Owned Clothing and Accessories
Selfridges Launches Pop-up Shop Devoted to Pre-Owned Clothing and Accessories
May 16, 2023  |  Retail

Selfridges has launched a pop-up shop at which consumers can resell or restore pre-owned clothing and accessories. The United Kingdom-based luxury department store chain is offering The...

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