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

Retail Focus

Founded in 2016 by serial entrepreneur Marcia Kilgore , Beauty Pie was created as a one-stop destination for luxury beauty products at ‘warehouse prices ‘ The D2C brand claims it does not charge consumers for the ‘middleman’ or retailer mark-ups.

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

Inside Retail

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. In our case], it was like converting one consumer at a time.”.

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

Inside Retail

Founded by Florence Low in 2016, LuxLexicon will maintain its autonomy within Carousell Group, with Low continuing to spearhead operations under its established brand. Tan said the company was “inspired by Florence and her team, and we believe by coming together, we can supercharge the growth of the luxury business. billion by 2026.

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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. It’s not just that trends have become more fleeting, they’re also more fragmented. Data from Market.us

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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. 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.

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

Retalon

Reselling Unsold inventory is often sold at markdown prices by 3rd party resellers. This can be an excellent solution, but when too much product is accessible to the public, they stop shopping at retail prices. Retailers have to be careful not to suffocate their own demand. Not all plastics and textiles can be recycled.

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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.