I Vend
APRIL 22, 2024
Thrift shopping continues to grow in popularity, particularly with millennial and Gen Z shoppers. For retailers, thrift stores have become part of the ‘mainstream’, managed with many of the key disciplines of ‘regular’ retail. But thrift retail also has its own unique characteristics and store performance indicators.
Retail TouchPoints
FEBRUARY 8, 2024
Once largely associated with lower-income households, dollar stores are now becoming retail staples even for more affluent households, inspiring retailers in these categories to invest more heavily in marketing, merchandising and technology innovation that will help them differentiate. That all creates positive momentum for these retailers.”
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Retail TouchPoints
MARCH 27, 2024
A few years ago, buying resale online was still something that had to be sold to consumers. But as ThredUp ’s 12th annual Resale Report shows, the need for a hard sell is over — consumers of all ages have clearly bought into the idea, with secondhand apparel sales growing 15X faster than the broader retail clothing sector in 2023.
I Vend
MAY 18, 2021
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.
Retail TouchPoints
OCTOBER 4, 2022
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 OG Advantage.
Inside Retail
JANUARY 22, 2023
In July 2020, Rent the Runway joined forces with ThredUp, one of America’s leading online consignment and thrift stores as a means of selling RTR’s used clothing. In late April 2020, Business Insider shared that RTR had furloughed 35% of its staff along with significant reductions to budgets and management salaries.
Small Biz Trends
JUNE 14, 2022
A retail business includes any company that sells goods or services directly to consumers for their consumption or use. But many now offer products online or over the phone and ship products to consumers. But a retail store generally just sells products at a slight profit. So it’s easier to manage the basic planning.
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