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

Inside Retail

It has taken online resale marketplace Retykle a long time to slowly shift Chinese consumers’ superstitious beliefs that buying secondhand clothing is bad luck, according to founder Sarah Garner. “We In our case], it was like converting one consumer at a time.”. The aspirational resale consumer. The conscious consumers.

Consumer 182
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10 Things You Need to Know About the Jordan Brand’s Success & Growth

Indigo 9 Digital

Look at the Gap it has struggled to pass the tests of time yet the Jordan Brand is growing quickly at a time when people are spending less on clothing and more on things like technology, think iPhones and data plans. In 2016 Mike Parker, former CEO of Nike, pledged to make the Jordan Brand a $4.5 billion brand by 2022.

Apparel 98
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15 Facts You Need to Know About StockX the Billion Dollar Resale Platform

Indigo 9 Digital

One of the reasons it has grown so fast is that platforms like StockX make it easy for consumers to put up their coveted merchandise for sale in a secure and transparent manner. But when StockX launched in 2016 it made reselling goods even easier. 25% of the items sold on StockX are sold for less than retail price.

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

Retalon

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. 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?

article thumbnail

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

Retalon

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. 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?