PYMNTS-MonitorEdge-May-2024

Metaverse Goes Mainstream, Retailers Adopt D2C Playbook, Resale Sees Opportunity

Retail Apparel

Retailers are borrowing from the direct-to-consumer playbook in their new store concepts. Plus, resale marketplaces find a “compelling opportunity” among the supply chain bottleneck, and brands take their competition virtual as the metaverse goes mainstream.

Data:

10M: Number of items that will run through thredUP’s Dallas automated distribution center starting next year.

1.4M: Number of active buyers on thredUP in the third quarter of 2021.

$4K: Amount paid for a virtual handbag earlier this year.

5,725; 2,890: Number of store openings and closings, respectively, announced this year

42%: Share of consumers who would be more likely to shop at retailers with a curbside pickup option.

PYMNTS-MonitorEdge-May-2024