Spotlight: Recommerce News Highlights
A look at the rise of resale. British consumers drive secondhand clothing boom. NRF / ThredUp discuss modern resale. Rawlings / SidelineSwap partner for trade-in program. News from Rehome Platform, Vinted, Carousell, Orisha, Depop, Croissant and others. And much more.
Brands in the news: ThredUp, National Retail Federation, Rawlings Sporting Goods, SidelineSwap, Substack, Rehome Platform, Vinted, Carousell Group, Orisha, Depop, Croissant, uShip, Comscore, Inc. and more.
The Rise of Resale
“Taking a look at the most popular resale sites, we see that growth and engagement has increased over the last couple of years, whereas the apparel industry as a whole experienced double-digit declines. More specifically, by looking at the total number of visits made to the most frequented resale sites in May 2024, we observed that visits to these sites collectively grew 3 percent over the last two years while visits to apparel sites declined 30 percent over the same period.”
Second-hand clothing boom for British continues, survey shows
“A survey has found that nearly a quarter of Britain's wardrobes are now made up of pre-owned clothes. The second-hand clothing boom has seen spending on vintage gear reach £2.4billion in 2023. On average, bargain loving Brits bought three items of clothing from secondhand retailers in 2023, with young adults buying five items on average, compared to two items for those aged 55 and over.”
Laying the foundation for modern resale with ThredUp
“ThredUp co-founder and CEO James Reinhart on the outlook for the secondhand industry in America and around the world.”
The Hottest New Place to Shop Secondhand? Substack
“The burgeoning newsletter platform has become an unexpected social marketplace for vintage finds and high-ticket, in-demand items.”
Rawlings Announces SidelineSwap as "Official Resale Partner" with Comprehensive Trade-in Program for Customers
“SidelineSwap, the world's largest online marketplace for new and used sporting goods, and Rawlings®, a long-time leading manufacturer in diamond sports, are announcing a comprehensive resale partnership that will bring SidelineSwap's recommerce services to Rawlings, Easton, Miken, and Worth customers throughout the U.S.”
Rehome Platform: Creating A Circular Economy For Retailers
“Each year more than 670,000 tonnes of furniture enter landfill or the incinerator, of which most is still usable. Coupled with a rapid and continuing surge in consumer demand for preloved items, retailers are now being left behind in the second-hand marketplace. With preloved tripling in growth, faster than the first-hand market, Rehome Platform gives retailers the opportunity to manage their returns, overstock and end of line items by integrating the Rehome technology, which lists these items directly on to their marketplace for resale.”
Vinted’s Secret Formula: Thriving In The U.K.’s Second-Hand Market
“In the bustling world of UK recommerce, Vinted has risen from a modest Lithuanian startup to a dominant force, rivalling giants like eBay, Depop, and Gumtree. Founded in 2008, Vinted has seen an explosive increase in its UK user base, growing from a million users in 2020 to over 2.5 million in 2023. This surge is accompanied by a staggering 75% year-on-year growth in transactions. By comparison, eBay, a veteran in the online marketplace scene, recorded a modest 10% growth in the same period.”
Carousell makes merry after recommerce drives up 2023 revenue
“Even after the pandemic and a significant chunk of people reducing their usage of online platforms for food delivery and other services, Carousell has not just remained strong, but it has also grown significantly. Today’s story takes a closer look at what its latest the numbers mean.”
UK consumers earning £7bn a year through recommerce, Yodel reports
“Over half (54%) of UK shoppers aged 16+ are reselling items on online marketplaces creating £7bn in revenue a year, according to new research from Yodel. The survey found that the 29.5 million ‘microsellers’ across the UK are earning an average of £246 a year, with nearly three quarters (74%) having started in the last five years. People in Wales are earning the most, with microsellers making an average of £538 a year, followed by Greater London (£405) and the East Midlands (£242).”
Orisha will be on stage in Paris Retail Week with brand new Fashion and Unified Commerce solutions featuring ReCommerce capabilities
“Orisha takes the stage in the Paris Retail Week in September for the official presentation to the market of its new SaaS unified commerce solutions portfolio that brings together the best of the Fastmag, Ginkoia, Openbravo, and Optimizers product offerings with the aim to enable brands and retailers to deliver the absolute unified commerce experience to their customers. To do so, the offering combines POS, mPOS, self-checkout, customer engagement, pricing, and promotions management, product and assortment management, store inventory and fulfillment, eCommerce, WMS, and OMS solutions, all in the cloud.”
The Secondhand Furniture Phenomenon: What 48% of Americans Know That You Don't
“uShip, the fast, easy and affordable platform for shipping large and bulky items, today released its Secondhand Furniture Report. Conducted by third-party research firm, Censuswide, this report reveals trends and challenges in buying and selling used, vintage and “thrifted” furniture, featuring insights from over 2,000 Americans ahead of peak moving season.”
4 innovations helping the fashion industry embrace the circular economy
“Second-hand clothing has come out of the closet, with the sector on-track to account for 10% of the global fashion market in 2024.
The negative associations around buying used garments are gone, as sustainability, cost concerns and the boom in online shopping make embracing ‘pre-loved’ clothing something to shout about.”
In data: Depop removes US seller fees in bid to grow secondhand market
“Pre-loved shopping platform Depop hopes the removal of its 10% selling fee for US users will encourage a wider audience to sell their secondhand clothing to its online community.”
Croissant Expands Guaranteed Resale Price Offering to Mobile App
“Croissant has launched an iOS mobile app that shows consumers guaranteed resale prices on apparel and accessories while they shop at more than 100 brands and retailers. After consumers have purchased an item, they can later resell it for the guaranteed price with just a few taps and free shipping, the company said in a Tuesday (July 23) press release. This “shop now, sell later” experience is now available for use on iPhones, joining Croissant’s existing shopping tools, according to the release.”