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Balenciaga creates $1800 bag resembling Lay’s potato chips

Inside Retail

Dubbed “Lay’s-Branded Bag”, the accessory made its debut at Paris Fashion Week and is an official collaboration with US chips company Lay’s which promoted that bag on its social media accounts. The rumoured retail price for the potato chip bag is USD$1800, a huge difference from a $3.99 pack of chips.

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

Inside Retail

While the luxury resale market is already growing worldwide and is worth €20 billion globally, according to a report by Berenberg Bank, it is still in its infancy in China, where pre-owned items account for just 3 per cent of the luxury resale business. “In Who is the resale customer? The conscious consumers.

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15 Best Apps for a Business Selling Clothes

Small Biz Trends

There is a huge demand for vintage clothes, shoes, and accessories, and tapping into this untapped demand can prove lucrative. It’s a Huge Market to Sell Clothes Online. It should be no surprise there’s a huge market for reselling clothing. Reselling clothes is growing 24-times faster than retail fashion, too.

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Meme stocks and sneaker drops: What next-gen investors mean for brands

Inside Retail

StockX was founded on the idea that the stock market is one of the most efficient ways to price goods , but increasingly, it seems consumers are actually treating it like one. . “We Consider the meme stock craze that sent the share prices of GameStop and AMC through the roof earlier this year.

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How to Sell on StockX

Small Biz Trends

As the resale market continues to grow, it is proving to be an excellent way to make money. Small businesses can use websites such as StockX for buying and selling, and start to capture some of the resale market. At its core, StockX is a resale market used for authentic sneakers (i.e., Making an Account. What is StockX?

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Amazon Return Pallets For Sale: How to Profit

Independent Retailer

Amazon often unloads these pallets of returns to secondary markets and puts them up for auction. You are getting a pallet-load of retail items at a greatly reduce rate. The more you buy, the lower the price for each item. You must have an account setup and be approved to bid on the auction site.

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

Retalon

As such, retailers can’t afford to risk losing sales because they ran out of stock. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase.