Remove 2016 Remove Management Remove Marketing Remove Retailing Pricing
article thumbnail

Carousell co-founder talks LuxLexicon acquisition and future of re-commerce

Inside Retail

With its recent acquisition of Singapore-based luxury resale business LuxLexicon, Carousell Group co-founder Marcus Tan said the company aims to create “the largest managed marketplace for authenticated second hand luxury bags where users can buy and sell with trust and convenience”. billion by 2026.

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. shows the global fragrance market was valued at $49.8 Data from Market.us

Fashion 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Indigo 9 Digital

By Tricia McKinnon The resale market is one of the fastest growing segments of retail. But when StockX launched in 2016 it made reselling goods even easier. Traditional retailers are not sitting back watching this market grow. The sneaker resale market is growing quickly. StockX is now valued at $3.8

article thumbnail

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

Retalon

Some retailers are facing backlash over images showing piles of unsold inventory that have been burnt or destroyed. This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. Billion in overstocks.

article thumbnail

The Top 4 Reasons Why Retailers Should Care About MAP Monitoring

Wiser

This allows the remaining retailers who did follow the policy to have more price flexibility and a chance to increase their margins. Preventing Price Wars. One reason why manufacturers set MAP policies in place is to prevent price wars from starting between competing retailers. This is a win-win for both parties.

article thumbnail

How Buy One, Get One Can Improve Your Sales

Wiser

Institute of Management, Kadi found that shoppers are more likely to participate in BOGO promotions because the products seem to have no extra cost and are more valuable due to the deal. Advertise on mobile channels by leveraging social media and email marketing to reach out to shoppers on the go. That is up from 57 percent in 2016. .

article thumbnail

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

Retalon

Some retailers are facing backlash over images showing piles of unsold inventory that have been burnt or destroyed. This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. Billion in overstocks.