Inside Retail

DECEMBER 8, 2024

billion) and accounted for 28.2 Entering the US in 2018, 2nd Street had 43 stores in the country at the end of November. Besides the US, the company currently operates stores in Taiwan, Malaysia and Thailand. The Reuse Economic Journal estimated sales of used clothing and luxury goods reached 818.1 billion yen (US$5.4

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Retail TouchPoints

NOVEMBER 10, 2022

By all accounts, resale looks set to have a banner holiday season this year, as inflation weighs down consumer spending at the same time that younger consumers in particular increase their focus on cutting waste and shopping sustainably.

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Retail TouchPoints

JUNE 30, 2021

Resale — the segment of the secondhand market that ThredUP defines as offerings with more curated assortments — is expected to account for more than half of that total, $47 billion , by 2025. It appears that much of that growth will come at the expense of fast fashion. Growing Sustainability Concerns Favor Resale Over Fast Fashion.

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Retail TouchPoints

JUNE 17, 2021

More than Just a Thrift Store. When most of us hear Goodwill we think of the thrift shop, but the nonprofit’s retail operation is only a means to its larger end. Bush, and then served as CEO at two private equity-owned companies before joining Goodwill in January 2019. Goodwill is the tenth-largest charity in the U.S.,

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I Vend

APRIL 22, 2024

Thrift shopping continues to grow in popularity, particularly with millennial and Gen Z shoppers. For retailers, thrift stores have become part of the ‘mainstream’, managed with many of the key disciplines of ‘regular’ retail. But thrift retail also has its own unique characteristics and store performance indicators.

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Retail TouchPoints

MARCH 27, 2024

alone, secondhand apparel accounted for $43 billion in sales in 2023, and it’s expected to reach $73 billion by 2028. Purchasing secondhand online also opens up this world to many new consumers who had found thrift stores unappealing or intimidating, and much of that tech is just at the beginning of its journey as well. “A

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Small Biz Trends

DECEMBER 30, 2021

With the help of selling apps, you can easily open your very own online thrift store with very little upfront investments. If you are looking into how to open a thrift store in a brick-and-mortar location, trying an online version first could be a great learning opportunity. There’s Also Fashionpile Store Credit.

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