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The Kardashian-Jenners are getting in on resale — a lucrative apparel trend that is growing as shoppers both look for deals and support sustainability efforts.
Resale has grown 21 times faster than the retail apparel market over the past three years, according to a March report by resale marketplace ThredUp. The company predicted the segment will reach $51 billion by 2023. Around 64% of women last year purchased a second-hand fashion item or “are open” to it, up from 45% in 2016, per the report.
For finance leaders at large retailers and brands, excess and returned inventory can pose a significant drag on working capital and margin performance. With returns projected to cost U.S. retailers $850 billion annually—roughly 17% of total sales—and processing costs ranging…
San Mateo, CA and Chicago, IL, Feb. 11, 2026 (GLOBE NEWSWIRE) — New data from both Circana and B-Stock reveals the age of smartphones traded-in reached an all-time high during the 2025 upgrade cycle, with most devices being three generations…