Inside Retail
APRIL 9, 2024
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.
Inside Retail
OCTOBER 12, 2023
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. It’s not just that trends have become more fleeting, they’re also more fragmented. Data from Market.us
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Indigo 9 Digital
MAY 17, 2022
But when StockX launched in 2016 it made reselling goods even easier. Traditional retailers are not sitting back watching this market grow. 25% of the items sold on StockX are sold for less than retail price. These shoes are likely to be worn rather than kept as a collectors item in pristine condition.
Retalon
OCTOBER 24, 2023
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.
Wiser
AUGUST 23, 2018
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.
Wiser
AUGUST 17, 2018
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. That is up from 57 percent in 2016. . Social media is growing and retailers cannot afford to ignore it. Professor Priti Salvi of S.
Retalon
FEBRUARY 14, 2022
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.
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