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But as is the case with epoch-making events, there have been some players and sub-segments that have not only survived the pandemic period, but have surprisingly risen to thrive, as rapidly digitizing customer preferences have driven them to explore new commerce modes.
According to recent reports, one of those unexpected areas has turned out to be the reCommerce market, as secondhand sales have boomed – even in segments like apparel, where they have otherwise come grinding to a near halt.
Read the full PYMNTS.com article here>>
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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…