Despite the monthly inflation rate staying below 4% from June 2023 to November 2023, stagnant wages and rising prices have prompted consumers to adjust their purchasing habits. The conservative approach to purchases is evident, with 60% of retail consumers cutting down on nonessential spending, as...
Dubai-based upscale resale platform The Luxury Closet has launched in the U.K. As of Tuesday (July 12), the reseller’s mobile app and website, which are used by 15 million people globally, have been available to U.K. users according to a report. It is the platform’s...
If there was any stigma left about used clothing it may have been erased last week as Nordstrom put its high-end brand on what it calls “re-commerce.” We like the handle. While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning...
April 10, 2024
In the latest edition of “The Paycheck-to-Paycheck Report: High-Income Consumers Lead Surprising New Data on Side Hustles,” PYMNTS Intelligence explored a variety of methods U.S. consumers pursue to pick up a little extra cash. For some, doing so is a necessity. Fifty-nine percent of U.S. consumers live paycheck to paycheck, including 42% of those earning […]
July 13, 2022
Dubai-based upscale resale platform The Luxury Closet has launched in the U.K. As of Tuesday (July 12), the reseller’s mobile app and website, which are used by 15 million people globally, have been available to U.K. users according to a report. It is the platform’s first foray into the European market. The company announced that […]
