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Macy’s debuts secondhand apparel sales with ThredUp
With this tie-up, Macy’s is aligning with one of the best growing segments in apparel retail. Transactions for used apparel rose a whopping 254% over the past two years at B-Stock, a B2B marketplace for returned and excess apparel, according…
U.S. Apparel Sales, Domestic Production, Future of Cotton & Synthetics
Quick Facts: U.S. retail sales hit $23.6 million in May 2019 (↓2.4% yoy) NRF predicts an approximate increase of 4% in retail sales for 2019 Apparel prices have dropped over the previous year by 3.1% New reports and analysis from…
A Guide to Buying Liquidation Apparel, Accessories, & Shoes
It’s a boom…it’s a growth spurt…it’s a full-scale resale revolution hitting the apparel industry! According to a resale report from ThredUp (the world’s largest online thrift and consignment store), the secondary market for apparel is expected to double in five…
Watch Webinar: Solving for Surplus Apparel, During and Post COVID-19
This webinar discusses how an online B2B marketplace can solve for surplus apparel during and post COVID-19. B-Stock’s Lisa Penn and Nate Bride discuss how online marketplaces work when it comes to: Higher pricing Velocity Auction strategy Brand control Buyer…
Omnichannel Done Right: How Apparel Brands Stack Up
This article summarizes a recent research report on the state of retail omnichannel experiences. At the most basic level, when a retailer provides an omnichannel experience for customers, it means the customer should expect the same inventory, pricing, and returns…
Trend Alert: Reselling Secondhand Apparel
The biggest fashion trend for 2019 goes beyond animal prints or tie-dye… it’s actually secondhand clothing. The apparel resale sector has grown an astonishing 21x faster than the primary retail apparel market over the past three years. And according to…
Used Apparel Market Primed for Growth
A recent 2019 Resale Report by thredUP (PDF) predicts the secondhand apparel market will reach $51B by 2023. Secondhand apparel is the consumption of all used apparel that enters the secondary market through consumer returns and resale. This is good…
Intentional Apparel Returns and E-commerce
This article takes a look at best practices for apparel retailers and manufacturers that are experiencing both an increase in e-commerce sales and intentional returns. It’s important for retailers to understand the implications of: lax return policies and how that…
2019 Fashion & Apparel Industry Report
Quick Facts: Double-digit sales growth expected over the next decade for the fashion and apparel industry Worldwide fashion and apparel ecommerce will increase at a compound annual rate of 10.6% from $408 billion in 2017 to more than $706 billion…
2019 Retail Apparel Trends & Projections
As the retail apparel industry looks to the new year, early indicators show signs of slow growth rates. A recent report by the McKinsey Global Fashion Index forecasts growth of only 3.5 to 4.5 percent for 2019, slightly below 2018…
Reselling Revealed: Get the Most for Your Money Selling Apparel on eBay
Customer returns of clothing, shoes, and accessories are at an all-time high: tens of billions of dollars worth of inventory gets returned each year, most of which can’t go back on store shelves. But one retailer’s headache is an eBay…
Half of the apparel sold at the holidays is about to be returned
The holidays are off to a great start for retailers and the internet has a lot to do with that: Cyber Monday spending rose 19.3% year over year to a record $7.9 billion by the end of the day, making it the biggest online shopping…