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The rise of second-hand shopping in Australia: A cultural and economic shift

Inside Retail

We currently live in an era marked by economic uncertainty, environmental consciousness, and a desire for uniqueness, Australians are increasingly embracing second-hand shopping. The hunt for the thrill of it One of the driving appeals of second-hand shopping lies in the exhilaration of the search, the dopamine release gained in the hunt.

Shopping 130
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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

Two years later, as consumers adapted to shutdowns designed to stem the spread of COVID-19, EY recognized that the speed of consumer transformation had greatly accelerated and that new research was needed, explained Jeff Orschell, EY’s Americas Retail Leader and Global Account Leader, in an interview with Retail TouchPoints.

Consumer 279
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Goat Group: 7 Things You Need to Know About its Strategy & Growth

Indigo 9 Digital

On Grailed you can shop for hard to find clothing from the likes of Raf Simons, Gucci, Saint Laurent, Balenciaga and other luxury brands. If you do subscribe to our retail trends newsletter to get the latest retail insights & trends delivered to your inbox. An acquisition to expand more into apparel.

Apparel 97
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The Brilliant Strategy Behind Supreme’s Success

Indigo 9 Digital

British-American entrepreneur James Jebbia started Supreme out of a skateboard shop in New York City in 1994. Customers do not have to guess when new merchandise will be available they know the exact times and are always ready to shop. Having the drops occur at a specific time reinforces this habit. Do you like this content?

Apparel 111
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15 Best Apps for a Business Selling Clothes

Small Biz Trends

One standout feature of Poshmark is the app’s virtual posh parties, whereby thousands of Poshmark users gather several times a day to create listings, share listings, and shop. Kidizen is a consignment shop for children’s clothes, and it’s one of the leading apps to sell clothes in this category. The RealReal.

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Off-Price Retailers, the Secrets to their Success

Indigo 9 Digital

Over the past year or so most retailers have struggled to clear out their inventories presenting an opportunity for off-price retailers to scoop up brand name merchandise at low prices. Typically off-price retailers sell products at a 20% to 60% discount from the full retail price.

Apparel 52
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All About Shrinkflation and Its Impact

Rangeme

Consumers increasingly pay attention to a product’s unit price, rather than its retail price, to know how much weight of a product they get for the price. Overall, shrinkflation has allowed CPG suppliers to keep prices stable despite today’s challenging economic reality. Shrinking goods without eroding goodwill.