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Thrift shopping continues to grow in popularity, particularly with millennial and Gen Z shoppers. For retailers, thriftstores 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.
You know that its more than simply a point of sale, and that it offers a comprehensive platform for managing the entire retail operation. They expect to be able to earn and redeem loyalty points in the same way regardless of how they shop and receive promotions that apply online and in the brick and mortar store.
Industry experts estimate that it could be a $216 trillion market by 2030 as retailers turn to sophisticated retail technology solutions to enhance experience and deliver ever greater returns from their operational investments. Buying online and picking up in the store rather than having the items delivered.
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