PYMNTS-MonitorEdge-May-2024

secondhand

Mercari Adds ChatGPT-Powered Shopping Assistant to Marketplace Platform
Mercari Adds ChatGPT-Powered Shopping Assistant to Marketplace Platform
April 18, 2023  |  Artificial Intelligence

Mercari has added a ChatGPT-powered shopping assistant to its marketplace platform for secondhand items. With the new Merchat AI, which is now available in beta...

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Secondhand Apparel Market Surges as Consumers Seek Value
Secondhand Apparel Market Surges as Consumers Seek Value
April 06, 2023  |  Retail

The global secondhand apparel market is expected to nearly double by 2027. The market will leap from $177 billion in 2022 to $351 billion in...

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Poshmark Invites Sellers to Go Live With ‘Posh Shows’
Poshmark Invites Sellers to Go Live With ‘Posh Shows’
April 05, 2023  |  Retail

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...

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ThredUp Sellers Needled by Inventory Backlog
ThredUp Sellers Needled by Inventory Backlog
April 03, 2023  |  Retail

Sellers on fashion resale site ThredUp are reportedly fed up with long processing waits. The online consignment shop has for years offered customers Clean Out...

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The RealReal Adds Concierge Team and Data Sources for Consignors
The RealReal Adds Concierge Team and Data Sources for Consignors
March 29, 2023  |  Retail

The RealReal has added resources to help consignors do business on the luxury resale marketplace. The firm has enhanced its consignment service model and added...

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Third-Party, White-Label Solutions Boost Luxury Recommerce Growth
Third-Party, White-Label Solutions Boost Luxury Recommerce Growth
November 15, 2022  |  Retail

Researchers at Spain’s Universitat Politècnica de Catalunya recently published a study showing that reusing 1kg of clothing could save 25 kg of carbon dioxide emissions....

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EBay Bids on Luxury Recommerce to Woo Young Shoppers
EBay Bids on Luxury Recommerce to Woo Young Shoppers
October 23, 2022  |  eCommerce

After spending years in a losing battle with Amazon, eBay is returning to its roots. In an interview with the Financial Times (FT) Friday (Oct....

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GOAT Group Buys Fashion Reseller Grailed
GOAT Group Buys Fashion Reseller Grailed
October 17, 2022  |  Retail

eCommerce fashion platform GOAT Group has agreed to acquire apparel reseller Grailed, combining their forces amid a projected boom in second-hand luxury sales. The companies...

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Post-Pandemic Era Ushers In reCommerce Boom
Post-Pandemic Era Ushers In reCommerce Boom
June 23, 2020  |  Retail

The outbreak of an unprecedented global health pandemic hit the world of retail like a meteor, flattening everything in its immediate path, and more gradually...

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