article thumbnail

Beauty Pie opens ‘Warehouse of Dreams’ pop-up in Covent Garden

Retail Focus

The membership beauty brand is offering shoppers the chance to try the products in real life at their new pop-up concept store. Experts will also be on hand at the Covent Garden pop-up to offer beauty lovers advice, helping them to find the best products for their skincare concerns straight from the production line.

article thumbnail

How Retykle changed the Chinese belief that buying secondhand is bad luck

Inside Retail

In our case], it was like converting one consumer at a time.”. Based in Hong Kong and launched in 2016, Retykle, is a luxury resale childrenswear online marketplace with more than 10,000 sellers and buyers. Products in the secondhand market tend to be 60 to 90 per cent off the original retail price,” Garner said.

Consumer 182
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Message in a bottle: How social media has disrupted the fragrance sector

Inside Retail

This can be attributed in large part to the introduction of image-focused social media platforms like Instagram in 2010 and TikTok in 2016, which have made it easier for memes and fads to go viral and – just as rapidly – fade into obscurity. All of our eyes and ears were roughly on the same thing at some stage of the day.

Fashion 130
article thumbnail

15 Facts You Need to Know About StockX the Billion Dollar Resale Platform

Indigo 9 Digital

But when StockX launched in 2016 it made reselling goods even easier. Traditional retailers are not sitting back watching this market grow. In 2019 Foot Locker invested $100 million in resale platform GOAT, its largest investment ever at the time. StockX is now valued at $3.8 Sellers are charged at 9.5%

article thumbnail

Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. How do retailers get into this mess? Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value.

article thumbnail

How to Sell on StockX

Small Biz Trends

At its core, StockX is a resale market used for authentic sneakers (i.e., Buyers can find sneakers at less than the retail price, making it an attractive purchase for them, especially for a serious sneakerhead! StockX was founded in 2015 and launched in February 2016. Initial transactions are charged at 9.5%.

article thumbnail

How Buy One, Get One Can Improve Your Sales

Wiser

According to behavioral economics researcher Dan Ariely , shoppers generally overvalue the benefits of “free” even when compared to higher-quality items at a discounted price. We see this happening in the retail industry all the time. That is up from 57 percent in 2016. . Benefits of Buy One, Get One.