Brands Set Sights on D2C Resale Opportunity
As consumers increasingly turn to secondhand shopping to save on retail spending, brands are launching direct resale platforms.
Source: pymnts.com
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Wish Unveils Trade-In Program as Consumers Embrace Resale
Mobile eCommerce platform Wish has launched a trade-in program for old technology with European refurbished goods provider Remarketed.
Source: pymnts.com
Consumers Embrace Secondhand Goods as Resale Market Surge
In the face of escalating prices, consumers are turning to the secondhand market, as retailers form partnerships to capitalize on the trend.
Source: pymnts.com
Nearly Half of High-Income Consumers Purchased Secondhand
Over 43% of consumers purchased a secondhand product in 2023. PYMNTS Intelligence data shows that high-income shoppers and younger consumers drive this trend.
Source: pymnts.com
Consumer Interest in Secondhand Goods Driven by Inflation
Consumers found discounts of as much as 35% by shopping secondhand markets, which helps explain why 43% of consumers bought secondhand goods in 2023.
Source: pymnts.com