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Japan’s luxury secondhand sector gains popularity as tourism booms

Inside Retail

Attractive market Geo Holding, the parent company of secondhand clothing retailer 2nd Street, reported strong sales performance in its latest financial statement. billion) and accounted for 28.2 Ogasawara added: Contemporary products tend to be popular across luxury secondhand markets. billion yen (US$5.4

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How to Start a Reselling Business: A Complete Guide for Beginners

Small Biz Trends

Successful entrepreneurs leverage market research to identify trends and customer demand. Identifying Your Niche: Defining a specific niche helps focus marketing efforts and addresses unique customer needs, enhancing branding and sales conversions. Common avenues include thrift stores, clearance sales, and online marketplaces.

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How to Start an Upcycling Business: A Complete Guide for Beginners

Small Biz Trends

Effective Business Planning: Establish a clear niche, conduct market research, create a comprehensive business plan, and outline funding and operational strategies for success. Market Appeal : Eco-conscious consumers seek unique, sustainable items, giving you a clear target audience.

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ThredUP, Dora Maar Lure Holiday Shoppers to Resale with Exclusive Upcycled Collections

Retail TouchPoints

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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Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

That growth rate looks likely to continue, with the overall secondhand market projected to double in the next five years, reaching $77 billion in annual sales by 2025. You can do it from home versus lugging all your stuff down to a consignment or thrift store.”. Growing Sustainability Concerns Favor Resale Over Fast Fashion.

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6 POS Software Performance Metric Thrift Stores Must Track

I Vend

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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Secondhand Grew 15X Faster than New Apparel Sales in 2023, but ThredUp CEO Still Sees Ample ‘White Space’

Retail TouchPoints

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