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Unlike conventional retail, where stock is predictable and replenished regularly, thriftstores and resale platforms offer the sense of adventure and unpredictability. It represents a self aware, fulfilling, and future-forward approach to consumption, one that aligns with the values of a new generation of shoppers.
If youre an ambitious mid-sized retailer, youre probably aware of retail management software, and understand that it can be a powerful tool to help you automate and streamline your operations. You know that its more than simply a point of sale, and that it offers a comprehensive platform for managing the entire retail operation.
Additionally, high interest rates are a reality for the “foreseeable future,” which has “fundamentally changed the disposable income available to individuals,” according to Mohit Mohal, a Managing Director with Alvarez & Marsal’s Consumer and Retail Group. That has ultimately had a trickle-down effect on the category.”
Goodwill is the OG of thriftstores,” said Matthew Kaness, a retail OG in his own right, who recently joined as CEO of GoodwillFinds.com. With the scale of the of the operation — $4 to $5 billion a year, mostly store-based — it feels like the giant has woken up and is now looking to take its rightful place. The OG Advantage.
But a retail store generally just sells products at a slight profit. So it’s easier to manage the basic planning. ThriftStore. Thriftstores sell secondhand goods like furniture, clothing, and home decor at discounted prices. Online Store. Online stores can sell basically anything.
We cover many of the tactical challenges (onboarding SKUs, product content, fulfillment, and curation), as well as the opportunities of this new “CircularCommerce” space. Hey would you come in and manage the company to get us through holiday while we won for somebody. Like 10,000 uniques on the site all third party.
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