Branded resale company Trove has acquired Recurate, a “significant” player in its industry. “This acquisition underscores Trove’s commitment to making branded resale more accessible and easier to launch and scale for brands,” the company said in a Tuesday (Aug. 13) news release. The deal, Trove...
As consumers across income groups feel economic pressure, luxury secondhand marketplace The RealReal is seeing its customers continue to spend but demand more value for their dollar. The company shared in its second-quarter 2024 earnings results Tuesday (Aug. 6) that active buyers increased by 9%...
Amid revenue declines, ThredUp is not anticipating the financial pressure that consumers are feeling let up any time soon. The online consignment and thrift store shared in its second-quarter 2024 earnings results Monday (Aug. 5) that it saw a 4% decline in total revenue year...
Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. The new offerings include an improved search function, an enhanced image search, and the company’s new AI-powered chatbot, according to a Monday (Aug. 5) press release. “AI presents an enormous leap forward...
March 06, 2024
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 when it comes to driving penetration in secondhand retail. Discussing the opportunity that the category presents, Depop owner Etsy shared on its most recent earnings call that as the resale marketplace’s performance has improved, there is […]
August 26, 2024
IKEA is reportedly testing a peer-to-peer marketplace where customers can sell each other secondhand furniture. IKEA Preowned is the Swedish retailer’s attempt to take on companies such as eBay and Craigslist, and will be tested in Madrid and Oslo for the remainder of the year before a global rollout, CEO Jesper Brodin said in an […]
August 13, 2024
Branded resale company Trove has acquired Recurate, a “significant” player in its industry. “This acquisition underscores Trove’s commitment to making branded resale more accessible and easier to launch and scale...
August 05, 2024
Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. The new offerings include an improved search function, an enhanced image search, and the company’s new AI-powered...
June 18, 2024
Bridal retailer Kleinfeld Bridal has introduced an online marketplace for pre-owned wedding dresses. KleinfeldAgain.com, announced Tuesday (June 18), is designed to address the “growing consumer movement toward circular fashion,” the...
