Remove Fast Fashion Remove Marketing Remove Shopping Remove Thrift Store
article thumbnail

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

Inside Retail

An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fast fashion brand closed down. It’s now a vibrant pop-up department store selling pre-loved clothing organised collaboratively by 10 charities.

article thumbnail

Tommy Hilfiger gets thrifty with ThredUp

Inside Retail

ThredUp’s 2022 Resale report shows that the secondhand market in the US is expected to more than double by 2026, taking its value to an estimated $82 billion in just four short years. It’s likely the technology to overcome this challenge will advance just as quickly as the resale market. Fast (preloved) fashion.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Retail TouchPoints

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. . Levi’s marketers astutely recognized this trend during the pandemic and debuted Levi’s SecondHand in October 2020.

Consumer 323
article thumbnail

Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

That growth rate looks likely to continue, with the overall secondhand market projected to double in the next five years, reaching $77 billion in annual sales by 2025. Growing Sustainability Concerns Favor Resale Over Fast Fashion. It appears that much of that growth will come at the expense of fast fashion.

article thumbnail

Research Reveals How Americans are Adjusting to Inflation

Independent Retailer

More than half have cut back on non-essential items when shopping for groceries (51%). In response, the company revealed how Americans are changing their shopping behaviors amid inflating costs: Americans Have Cut Back on Purchasing Non-Essential Grocery Items. Inflation stayed flat in July after rising 1.3

article thumbnail

8 Things to Know About ThredUp’s Growth & Challenges

Indigo 9 Digital

By Tricia McKinnon When you are shopping for a new outfit do you buy new or do you spend your time sifting through racks of clothing in a thrift store? While many people still like the treasure hunt aspect of going to a thrift store some find it more convenient to shop for secondhand apparel online.

article thumbnail

Gen Z: Merchants of cool or brand killers?

Inside Retail

A generation that sees shopping as binary: “I want brand X, therefore I need to shop at store Y”. A generation that loves to shop online because it’s fun and convenient – and also because they are juggling work-life (im)balance, kids and life in the ’burbs. Obsessed with showcaser signalling and blinded by status.