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Step inside the UK’s first department store for secondhand clothes

Inside Retail

The pre-loved clothing market has exploded in the last five years, and as physical retail gains momentum after the pandemic, consumers are seeking to buy from responsible retailers with purpose-led values. Charity Super.Mkt co-founder Chenoweth said, “It is the first time charities have come together at this level.

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To Speed Expansion, Resale Marketplace GoodwillFinds adds Walmart, Office Depot Execs to C-Suite

Retail TouchPoints

GoodwillFinds — the new resale marketplace from nonprofit thrift store chain Goodwill — has added two retail veterans to its C-suite and onboarded three new Goodwill member organizations (representing more than 50 retail stores) to the platform. Genest previously held roles at Modcloth , Walmart U.S.

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What Recommerce can Teach Retailers About New Consumer Behaviors and Future-Proofing Sales

Retail TouchPoints

This trend involves brands reselling previously owned products at a discount — and it’s caught on quickly. The resale market is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030, far eclipsing the predicted $40 billion market for fast fashion. .

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How Gen Z’s love for thrifting got fashion brands to finally embrace resale

Inside Retail

According to a report conducted by ThredUp, an online consignment and thrift store, the US secondhand market is expected to reach (US$70 billion) by 2027. Globally, the market is expected to reach (US$350 billion) in the same time period. But what about the brands that consumers are buying on these platforms?

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‘OG’ Reseller Goodwill Wants a Piece of the Online Action

Retail TouchPoints

Goodwill is the OG of thrift stores,” said Matthew Kaness, a retail OG in his own right, who recently joined as CEO of GoodwillFinds.com. With the scale of the of the operation — $4 to $5 billion a year, mostly store-based — it feels like the giant has woken up and is now looking to take its rightful place. “The

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The rise and rise of the thrift retail store

I Vend

Walk down any high street and you’ll see evidence of one of the growing trends in retail – the rise of the thrift store. Read about how a leading US thrift store is embracing its growing popularity. All of which means that the thrift store has well and truly come into the retail mainstream.

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Gen Z, in Their Own Words: What They Really Want from Brands and Retailers

Retail TouchPoints

And at a time when knowing and resonating with your customer is the key to survival, retail brands are hoping to get further context. At the end of the day, four themes helped paint a more contextual picture of who the Gen Z consumer is and what they really want: Authenticity and Accessibility. With Allie, it was a no brainer.”

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