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

Retail TouchPoints

As retailers have struggled to navigate changes in consumer behavior and economic uncertainty brought on by the pandemic, one area has seen continued growth: recommerce. Recommerce checks many boxes for both consumers and businesses. Why the strong growth, particularly during a time of economic upheaval?

Consumer 313
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Resale Continues to Rise: Global Secondhand Sales to Hit $350B by 2027

Retail TouchPoints

Consumers and retailers are turning to resale more than ever amid economic uncertainty, according to ThredUp ’s 11th annual Resale Report , conducted by GlobalData. consumers ( 52% ) shopped secondhand apparel in 2022. the online resale market is the fastest growing, with 21% growth [expected annually] over the next five years.

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How UNIQLO Became on the Largest Clothing Retailers

Indigo 9 Digital

Budget conscious consumers flocked to the retailer to buy its inexpensive clothing. With 917 stores in China, China is UNIQLO’s number one international market making up approximately 25% of UNIQLO’s revenue. In 2021 Uniqlo had a 1.4% share of the Chinese apparel market, larger then any other brand.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. Something has to be said about a first mover advantage, it makes things easier.

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Fashion rental is back: Designerex looks to raise funds as demand surges

Inside Retail

Peer-to-peer fashion rental platform Designerex is looking to raise fresh funds to help it scale in the US and other global markets as it experiences record growth post-Covid. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031. Focus on customer experience.

Fashion 130
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Retail appointments of the week

Inside Retail

Victor is an exceptional retailer with proven achievements in global markets and is the ideal person to continue to take Lovisa forward.”. She has also held senior roles in supermarkets buying, marketing and replenishment. Brett Blundy, chairman of Lovisa, thanked Fallscheer for his leadership over the past decade. “He

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Zara’s Strategy - 7 Ways it Stays on Top

Indigo 9 Digital

In 2021 Inditex generated 27.7 In 2020 during the height of the COVID-19 pandemic when consumers were forced to shift a large share of their spending online, Zara’s digital sales were up 77% representing a third of all sales. Then in 2021 Zara’s digital sales were up 14% on top of breakthrough sales the year before.