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.
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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
But a retail store generally just sells products at a slight profit. So it’s easier to manage the basic planning. Thrift Store. Thrift stores sell secondhand goods like furniture, clothing, and home decor at discounted prices. Simple business model: Some businesses have complicated offerings.
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.
Small Biz Trends
DECEMBER 30, 2021
With the help of selling apps, you can easily open your very own online thrift store with very little upfront investments. If you are looking into how to open a thrift store in a brick-and-mortar location, trying an online version first could be a great learning opportunity. Best App to Sell Clothes Online?
Retail TouchPoints
FEBRUARY 8, 2024
Additionally, high interest rates are a reality for the “foreseeable future,” which has “fundamentally changed the disposable income available to individuals,” according to Mohit Mohal, a Managing Director with Alvarez & Marsal’s Consumer and Retail Group. That has ultimately had a trickle-down effect on the category.”
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