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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.
The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be returned, roughly $850 billion in merchandise. According to McKinsey & Company, it’s forced retailers to spend an estimated $200 billion…
In honor of Earth Day, explore how recommerce is transforming the retail landscape by driving sustainability and the circular economy. As the world’s largest B2B recommerce platform, B-Stock enables retailers and brands to redefine sustainability by giving new life to…
When returned and unsold goods tie up working capital and force write-downs, they quietly erode margins, delay cash conversion, and impact financial performance every single day. Discover how finance teams are turning to technology-driven B2B resale platforms to: Improve recovery…