Projections suggest that the resale industry will surge to $53 billion in 2023. Interestingly, prominent players like The RealReal have yet to achieve profitability. While the specific factors contributing to The RealReal’s persistent lack of profitability since its establishment in 2011 remain uncertain, it’s worth noting that...
The recent wave of SPAC mergers led to billions in goodwill write-offs last year. The trend — reported recently by The Wall Street Journal — illustrates the cost companies paid to close deals during a boom in special purpose acquisition company (SPAC) public listings in...
To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform...
To help tell consumers about less expensive alternative offerings, Goodwill Industries of Greater New York and Northern New Jersey is teaming with Price.com. The organization is tapping into Price.com’s browser extension, which lets shoppers searching for new items on other platforms find cheaper used options...
October 04, 2023
Projections suggest that the resale industry will surge to $53 billion in 2023. Interestingly, prominent players like The RealReal have yet to achieve profitability. While the specific factors contributing to The RealReal’s persistent lack of profitability since its establishment in 2011 remain uncertain, it’s worth noting that the resale sector typically demands substantial initial investments. Other players, […]
October 15, 2023
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, told The New York Times (NYT) in an interview Sunday (Oct. 15). “So all the donations — the billions of pounds of donations that Goodwill gets every year — is now a […]
April 09, 2023
The recent wave of SPAC mergers led to billions in goodwill write-offs last year. The trend — reported recently by The Wall Street Journal — illustrates the cost companies paid...
April 03, 2019
To help tell consumers about less expensive alternative offerings, Goodwill Industries of Greater New York and Northern New Jersey is teaming with Price.com. The organization is tapping into Price.com’s browser...
January 11, 2019
Product authentication technology company Entrupy has announced that shopgoodwill.com will be implementing its artificial intelligence-based solution to verify luxury and designer items sold through the site. Shopgoodwill.com is an online auction...
