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Japan’s luxury secondhand sector gains popularity as tourism booms

Inside Retail

billion) and accounted for 28.2 Japan houses a treasure trove of well-preserved second-hand luxury goods and collectors items, making thrift shopping a novel touristic venture. Entering the US in 2018, 2nd Street had 43 stores in the country at the end of November. billion yen (US$5.4 million impressions.

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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. 11, 2022, via a video shopping experience hosted in partnership with Revo Video.

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

Retail TouchPoints

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. You can do it from home versus lugging all your stuff down to a consignment or thrift store.”. said Clark.

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How Resale, Sustainability and its 3,300 Stores Support Goodwill’s Key Mission — Jobs

Retail TouchPoints

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. Goodwill is the tenth-largest charity in the U.S., with revenue of $6.4 billion in fiscal year 2019. It’s three models in one,” he added.

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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

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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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15 Best Apps for a Business Selling Clothes

Small Biz Trends

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. Best App to Sell Clothes Online? The RealReal.