ZNEAKRZ’s Post

How to determine which resale model works best for your brand "Consumers’ shift to secondhand is rewriting the rules of retail and creating a movement among brands and retailers to enter the resale market in full force." https://lnkd.in/gjbStgnD

The sneaker market is dying 💀 Actually no, the resale sneaker market is slowing down...hard. After more than 10 years of growth, the reselling market is suffering from a drop in demand for sneakers. 📉 This drop in demand coincides with the end of big brands' scarcity policy. The most popular models are now mass-produced to meet demand. The value of these shoes no longer has time to increase on the platforms, depriving resellers of their margins. ✖ So how are we at Sneakmart still alive and taking advantage of this situation? 1- We never focused on sneaker resale as a business 🚫 2- We understood that we are in a Price market, and are creating and helping thousands of sneaker consumers to pay less for their sneakers through a private sale mechanism 💸

The Global Sneakers Resale Market is projected to witness substantial growth, with an estimated value of $10.6 billion in 2022 surging to an impressive $51.2 billion by 2032. This growth signifies a remarkable Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period from 2023 to 2032. Stay updated on this market trend at [Market Decipher](https://lnkd.in/gVmG9rZP).

Today's The Robin Report - facts with insights, opinions and real thinking "why does it matter" The #retailresalemarket ?Rapid Growth, No Profits? ThredUp figures the global secondhand apparel market will grow at a compound annual growth rate (CAGR) of 12 percent through 2028 to reach $380 billion. And in the U.S., it sees online resale more than doubling over the next five years to reach $40 billion. #resale #ecommerce #fashionmarketing #retailops #RaaS Pamela Danziger Read & Subscribe 👇 https://lnkd.in/gTVt_JhU

Online resale is taking the secondhand market by storm! 📈 In 2023, online resale grew 23% year-over-year, outpacing total secondhand growth. By 2028, online sales are projected to account for half of all secondhand spending, reaching $40 billion in the U.S. 🌐 And get this - 45% of Gen Z and millennial consumers prefer to purchase secondhand items online vs. in stores. The future of fashion is circular - are you ready to ride the resale wave? #OnlineResale #CircularEconomy #GenZFashion https://lnkd.in/ezpZrbVh

The resale market for the most exclusive sneakers has grown exponentially in recent years. It is a dynamic ecosystem where the culture of collecting and fashion merges with complex market strategies. Supply and demand determine prices and availability, but luck also plays an important role. After dedicating himself to sourcing the best sneakers to resell them on specialized platforms such as StockX and GOAT, David Camprubi Buxeda decided to focus entirely on his company Newcop Store, which had a turnover of almost 6 million euros at the end of its last financial year in 2023. How has your business model evolved from digital to physical channels?

♻ Consumer preferences AND behaviors in resale are changing. ♻ If you haven't been to your local thrift store lately you might not believe me, but it's happening. Here's further proof: 📢 "Last year 52% of consumers shopped for clothing secondhand and on average they spent about half their apparel budget on resale, according to ThredUp’s latest resale report." And for us here at Trove, we're seeing another wave, that 📢 "buying secondhand directly from the brand is increasingly consumers’ preferred way to shop, currently holding 20% share of the resale market. Consumers shopping resale tend to trust brands more than marketplaces. They appreciate a brand resale site’s ability to let them compare items side-by-side and to find a more curated selection on offer." Huge news coming in the next weeks about some of our new partners in resale. Can't wait to share with you all! In the meantime, check out the work of some of our excellent partners like: 🛍 EILEEN FISHER, INC. https://lnkd.in/gmBFY5Q5 👜 Michael Kors https://lnkd.in/gnF6DKSM 👟 On https://www.onward.on.com/ 👢 The Frye Company https://lnkd.in/ges4tv4M

🛍️ ONE-THIRD of clothing purchases last year were items being resold, an increasing percentage YoY. This calls for more storefronts and physical growth, but where will that be? Learn more about where resale is going to grow our newest blog post below. ⬇️ https://lnkd.in/e5c-c_T5

Interesting read on the state of The Sneaker Resale market, and to see what’s affecting it. In the near-term, the prospects for sneaker resellers aren’t good.

Resale Business Might See Growth in 2024 In 2023, 39 brands, including H&M, Kate Spade, and Carhartt, unveiled resale programs, a decrease from 72 in 2022. However, executives predict that 2024 may be the year that resale grows more due to brands expanding their existing programs rather than new ones entering the market. New and resale items will commingle, with retailers like Trove partnering with brands to launch their resale programs. More brands will adopt a "multimodel" approach, combining both buyback and peer-to-peer models, which could boost both brands' rates of acquisition and profits. Furniture brands will also join the resale market, as they have shown success on Facebook Marketplace, connecting bulky-item purchasers to independent contractors. Brands could partner with apps like Lugg or TaskRabbit to facilitate transporting items affordably. Footwear brands, including Allbirds, Brooks Running, Steve Madden, and Frye, have also introduced resale programs in recent years. Resale is expected to help tackle the returns problem, as returns accounted for over $816 billion in lost revenue in 2022. Many retailers throw away more than 25% of their returns, making resale sites a great alternative. This could lead to more brands partnering with resale marketplaces to help with the returns problem. #Furnishing2024 #Retail2024 #ResaleBusiness2024 #Markerplace #RetailInsights #RetailBusiness #OnlineSale #RetailTrends2024 #RetailStrategies2024