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How AI is Helping a Brooklyn Thrift Store Amp Up Both Sales and its Environmental Impact

Retail TouchPoints

Nestled in a back parking lot of the industrial waterfront that lines Brooklyns Gowanus Canal is an absolutely fantastic thrift store of the old school a sprawling warehouse filled to the brim with used goods organized in a somewhat jumbled manner by general category. And thats where Thriftly comes in.

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Japan’s luxury secondhand sector gains popularity as tourism booms

Inside Retail

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. Opening its first overseas outlet in China in September 2018, the company now operates 21 stores across Taiwan, Singapore, and Thailand.

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To Speed Expansion, Resale Marketplace GoodwillFinds adds Walmart, Office Depot Execs to C-Suite

Retail TouchPoints

GoodwillFinds — the new resale marketplace from nonprofit thrift store chain Goodwill — has added two retail veterans to its C-suite and onboarded three new Goodwill member organizations (representing more than 50 retail stores) to the platform.

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Category Insights Report: Dollar Stores Redefine Themselves with Enhanced Merchandising and Mobile Apps

Retail TouchPoints

These shoppers, now between 28 and 43 years old, have become more frugal with retail purchases, noted Coresight Research analyst Sujeet Naik: “As the millennial cohort ages, their household formation rate will accelerate, reflecting more stable incomes and plans for marriage and children,” he said.

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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. Preston plans to leverage this opportunity by beefing up Goodwill’s profile as one of the largest channels for sustainable resale in the country.

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

Retail TouchPoints

Perhaps more important is the fact that of those first-time buyers, 76% said they plan to increase their spend on secondhand in the next five years. You can do it from home versus lugging all your stuff down to a consignment or thrift store.”. said Clark. Back-to-school spending is expected to be up 5.5% from 2020 and 6.7%

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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.