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How AI is Helping a Brooklyn Thrift Store Amp Up Both Sales and its Environmental Impact

Retail TouchPoints

Nestled in a back parking lot of the industrial waterfront that lines Brooklyns Gowanus Canal is an absolutely fantastic thrift store of the old school a sprawling warehouse filled to the brim with used goods organized in a somewhat jumbled manner by general category. And thats where Thriftly comes in.

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Japan’s luxury secondhand sector gains popularity as tourism booms

Inside Retail

Japan houses a treasure trove of well-preserved second-hand luxury goods and collectors items, making thrift shopping a novel touristic venture. Entering the US in 2018, 2nd Street had 43 stores in the country at the end of November. Besides the US, the company currently operates stores in Taiwan, Malaysia and Thailand.

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Category Insights Report: Dollar Stores Redefine Themselves with Enhanced Merchandising and Mobile Apps

Retail TouchPoints

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

Retail TouchPoints

Perhaps more important is the fact that of those first-time buyers, 76% said they plan to increase their spend on secondhand in the next five years. You can do it from home versus lugging all your stuff down to a consignment or thrift store.”. They’re looking for ways to save money, and thrift is a great way to do that.”.

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How Resale, Sustainability and its 3,300 Stores Support Goodwill’s Key Mission — Jobs

Retail TouchPoints

More than Just a Thrift Store. When most of us hear Goodwill we think of the thrift shop, but the nonprofit’s retail operation is only a means to its larger end. Preston plans to leverage this opportunity by beefing up Goodwill’s profile as one of the largest channels for sustainable resale in the country.

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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 said Kaness. “

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Inflation’s Impact on Back-to-School Shopping

Independent Retailer

75 percent of shoppers say their top priority is getting the best price, with 77 percent planning to utilize sales tax-free periods in their state. (70%) 70%) plan to spend less on non-essential purchases as well as hunt for deals and compare prices more than they typically would. Other shoppers are using coupons and rewards.