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Poshmark Celebrates Second Annual Secondhand Sunday, the National Holiday Dedicated to Secondhand Gifting, With Lineup of Live Shopping Events

Retrieved on:

Thursday, November 9, 2023

REDWOOD CITY, Calif., Nov. 9, 2023 /PRNewswire/ -- Poshmark, a leading fashion resale marketplace powered by a vibrant community and real-time social experiences, today announced the second annual Secondhand Sunday, the only national holiday dedicated to supporting secondhand sellers and circular fashion during the peak holiday shopping season. Taking place on November 26th, Secondhand Sunday is focused on redirecting shoppers away from mass consumption and toward the purchase of pre-loved goods, supporting environmental sustainability and the livelihoods of individual sellers. To celebrate Secondhand Sunday this year, Poshmark is launching an exciting lineup of live shopping events – powered by the company's popular Posh Shows feature – to encourage holiday shoppers to shop secondhand for their gift giving needs.

Key Points:

To celebrate Secondhand Sunday this year, Poshmark is launching an exciting lineup of live shopping events – powered by the company's popular Posh Shows feature – to encourage holiday shoppers to shop secondhand for their gift giving needs.
To participate in Secondhand Sunday, join one of the upcoming virtual events on Poshmark and become part of a growing movement towards rediscovering the value of secondhand.
Gifts Galore Posh Show: Unwrapping 2023 Holiday Trends: On November 16th, Poshmark is hosting a Posh Show featuring Poshmark's trend and live shopping experts to unveil the ultimate guide to secondhand holiday shopping.
Unique Lineup of Live Shopping Events on Secondhand Sunday: Throughout the day on November 26th, shoppers can tune into real-time, virtual live shopping events, highlighting popular gifting categories.

Fashionphile Data Partnership Unveils Promising Projections for Global Luxury Fashion Online Recommerce Market in 2023: Luxe Brands Embrace the Resale Trend

Retrieved on:

Thursday, August 10, 2023

Online, Luxury, First Time, Environmental Benefits Index, Gen, Generation, EBay, EUR, Sustainability, Pandemic, Recommerce, Retail, Auction, Online shopping, Hotel, Used good

Overview of Luxury Fashion Online Recommerce Market, January 2023 (1 of 2)

Key Points:

Overview of Luxury Fashion Online Recommerce Market, January 2023 (1 of 2)
Overview of Luxury Fashion Online Recommerce Market, January 2023 (2 of 2)
Secondhand Luxury Goods Market Size, in EUR billion, 2021 & 2025f
Share of Resale Making Up Secondhand Product Buyers' Purchase Basket, in %, 2022e & 2023f
Share of Secondhand Shoppers That Are Inclined to Buy Products From Brands They Could Not Afford New, in %, 2021
Share of Luxury Shoppers Who Are the Most Likely to Buy Secondhand Goods, by Generation, in %, 2022
Share of Luxury Shoppers Who Are the Most Likely to Sell Secondhand Goods, by Generation, in %, 2022
Drivers of Selling Fashion Items, in % of Secondhand Sellers, 2022
Barriers to Selling Fashion Items, in % of Secondhand Non-Sellers, 2022
Share of Respondents Who Discovered a Brand or Bought Secondhand Luxury Item for the First Time, in %, 2022e
Breakdown of Purchased Secondhand Product Categories, by Number of Articles Purchased, in % of Total Number of Secondhand Purchases Annually, 2022e
Share of Respondents Who Bought vs Those Who Are Likely to Buy a Pre-Owned Fashion Item in the Future, in %, April 2022
Reasons for Buying Pre-Owned Fashion, in % of Luxury Shoppers, April 2022
Reasons for Selling Pre-Owned Luxury Products, in % of Pre-Owned Luxury Sellers, 2021
Top Changes that Respondents Made to Luxury Fashion Due to the Pandemic, in % of Respondents, April 2022
Share of Respondents Who Want More Information on Authenticity and Origin of Pre-Owned Items, in %, April 2022
Share of Luxury Shoppers Who Rate the Following Luxury Brand Features 4 or Above on a Scale of 1 to 5, in %, October 2021
Adoption of Select Innovation Features by the Top Performing Luxury Fashion Brands, incl.
Resale, October 2021
Share of eBay Buyers Who Have Engaged in Online Recommerce, in %, November 2022
eBay Users Who Value Sustainability and Environmental Benefits When Shopping Secondhand, by Generation, in % of eBay Users, November 2022
Share of eBay Sellers Who Stated That the Economy Has Caused an Increase in Their eBay Activity, All Sellers vs Gen Z Sellers, in %, November 2022
Share of eBay Sellers Who Have Sold on eBay to Make Extra Cash, All Sellers vs Gen Z Sellers, in %, November 2022
Share of eBay Buyers Who Stated Financial Savings as Reason for Recommerce, All Buyers vs Gen Z Buyers, in %, November 2022
Share of eBay Sellers Who Believe Selling Pre-Owned Goods Has Become Easier in Recent Years, in %, November 2022
Secondhand Luxury Watch Market Size, in USD billion, 2022e & 2026f
Breakdown of Secondhand and Firsthand Luxury Watch Market, in %, 2022e & 2026f
Share of Watch Resale Market Making Up Total Watch Market, incl.
"Luxury Watches", in %, 2025f
Share of Online Channels Making Up Total Luxury Watch Resale, in %, 2026f

thredUP's 11th Annual Resale Report Reveals Consumers Continue to Embrace Secondhand Amid Economic Uncertainty

Retrieved on:

Wednesday, April 5, 2023

OAKLAND, Calif., April 5, 2023 /PRNewswire/ -- thredUP (NASDAQ: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today released the results of its 2023 Resale Report. Conducted by third-party retail analytics firm GlobalData, the 11th annual study serves as the most comprehensive measure of the secondhand market globally and in the U.S., with forward-looking projections through 2032. It also reveals new insights about key factors driving market growth; consumer shopping behavior amid economic uncertainty and inflation, including younger generations' attitudes towards resale; and why retailers are adopting resale at an accelerated rate, based on surveys of U.S. consumers over the age of 18 and U.S. fashion retailers and brands. In addition, the report includes the top 20 most popular brands in resale.

Key Points:

In addition, the report includes the top 20 most popular brands in resale.
"Now in its 11th year, the Resale Report has some of the most inspiring findings since we started the report in 2013.
The top five findings from thredUP's 2023 Resale Report include:
(all figures pertain to the U.S. unless otherwise noted)
Secondhand continues to take hold globally.
U.S. consumers continue to embrace secondhand amid economic uncertainty and persistent inflation.

Archive Raises $15M Series A to Scale Its Brand-Owned Resale Software

Retrieved on:

Tuesday, December 6, 2022

SAN FRANCISCO, Dec. 6, 2022 /PRNewswire/ -- Archive (www.archiveresale.com), a tech company building the resale operating system for brands, today announced a $15 million Series A fundraise. The round is led by Lightspeed Venture Partners with participation from Bain Capital Ventures, Fernbrook Capital, G9 Ventures, and several minority investors, and brings Archive's total funding to over $24 million. In addition to the raise, Alex Taussig, Partner at Lightspeed, will join the company's Board of Directors.

Key Points:

It will also enable Archive to meet increasing demand from brands to incorporate resale into their businesses, and accelerate upcoming launches across North America and Europe.
"Resale is a massive online category already and growing three times as fast as new apparel sales," said Alex Taussig, Partner at Lightspeed and Archive Board Member.
Archive is known for building highly differentiated resale programs that seamlessly integrate with a company's consumer experience.
Launched in February 2021 by co-founders Emily Gittins (CEO) and Ryan Rowe (CTO), Archive ( www.archiveresale.com ) is a resale technology company that builds highly differentiated resale software for brands.

DEA to Launch a New PlayMining Game Titled "Cookin' Burger" on June 30

Retrieved on:

Tuesday, June 7, 2022

Used good, Food cart, GLOBE, Non-fungible token, DEA, City, Fast food

Ltd. (DEA), today announced the launch of its new blockchain game " Cookin' Burger " on its PlayMining ecosystem on Thursday, June 30, 2022.

Key Points:

Ltd. (DEA), today announced the launch of its new blockchain game " Cookin' Burger " on its PlayMining ecosystem on Thursday, June 30, 2022.
Prior to the launch of the "Cookin' Burger," additional "Shop NFT" of the Secondhand Food Carts for in-game use will be available in the " PlayMining NFT " starting on Friday, June 10 at 11:00 (UTC8).
DEA is committed to providing "fun" and "surprises" to users around the world through a variety of content.
We will continue to expand the game titles in "PlayMining" in the future.

Archive Secures $8 Million in New Financing to Power the Next Generation of Resale

Retrieved on:

Tuesday, January 25, 2022

Co-founded by Emily Gittins and Ryan Rowe, Archive offers a complete "operating system" for brands to power their own resale experience in a resource and capital-light way.

Key Points:

Co-founded by Emily Gittins and Ryan Rowe, Archive offers a complete "operating system" for brands to power their own resale experience in a resource and capital-light way.
The round is co-led by Lightspeed Venture Partners and Bain Capital Ventures and brings Archive's total funding to nearly $10 million.
The financing follows initial investments from FirstMark, Bain Capital Ventures, and the founders of Warby Parker, Allbirds and Harry's.
Archive currently powers resale programs for leading fashion brands including M.M.LaFleur, Filippa K., Dagne Dover, The North Face, and Oscar de la Renta.

Mercari to Launch its First Ever Experiential Pop-Up Shop

Retrieved on:

Thursday, December 16, 2021

Forward-looking statement, Tablet, Hope, Computer, GlobalData, Mercari, Television, Ecosystem, Life, Adult, Ownership, Association, Clothing, PALO, Venmo, Stonestown Galleria, Used good, Ridesharing company, Online shopping

The shop will be located in the Stonestown Galleria in San Francisco, opening on December 29, 2021.

Key Points:

The shop will be located in the Stonestown Galleria in San Francisco, opening on December 29, 2021.
"We are bringing the Mercari seller experience to life in a brand new way this year," said John Lagerling, Mercari US CEO.
The San Francisco pop-up shop will feature four experiential zones to help customers do just thatsay goodbye to their unused items so they can find a second life.
Mercari has more than 50 million downloads in the U.S. and 350,000 new listings every day, empowering the next generation to transform the way they shop.

Mercari Study Shows Americans Considering Secondhand Amidst Supply Chain Issues this Holiday Season

Retrieved on:

Monday, October 18, 2021

Growth, PALO, GlobalData, News, Used good, Research, Ecosystem, Holiday, Partnership, Online shopping, Auction, Mail order

Mercari's report revealed that this will be a "secondhand holiday" for many, as 77% of American adults polled expect to buy at least one secondhand item this holiday season.

Key Points:

Mercari's report revealed that this will be a "secondhand holiday" for many, as 77% of American adults polled expect to buy at least one secondhand item this holiday season.
Supply chain issues were also cited as another factor encouraging consumers to turn to resale this holiday season.
77% of all adults polled say they are likely to buy at least one secondhand item over the holiday season.
38% will buy secondhand gifts, while 49% will buy something secondhand for themselves or their homes.10% of American secondhand consumers polled say they will shop resale this year because of supply chain issues in traditional retail channels.

Public Health Launches New Campaign About the Dangers of Secondhand Smoke and the Importance of Smoke-Free Homes

Retrieved on:

Tuesday, October 5, 2021

Today, the Los Angeles County Department of Public Health (Public Health) launched Protect Your Home from Secondhand Smoke, a public education campaign informing LA County residents on the dangers of secondhand smoke exposure and encouraging all residents to maintain a smoke-free home.

Key Points:

Today, the Los Angeles County Department of Public Health (Public Health) launched Protect Your Home from Secondhand Smoke, a public education campaign informing LA County residents on the dangers of secondhand smoke exposure and encouraging all residents to maintain a smoke-free home.
The campaign depicts how smoke can travel through doorways and ventilation to reach nonsmokers, including children, and emphasizes illnesses that are caused by secondhand smoke exposure.
View the full release here: https://www.businesswire.com/news/home/20211005005433/en/
Cancer risks from secondhand smoke (Graphic: Business Wire)
Decades of research have shown that secondhand smoke causes serious health problems to both children and adults who are exposed to it.
Los Angeles County Department of Public Health works to protect health, prevent disease, and promote health and well-being.

thredUP to Participate in Upcoming Investor Conference

Retrieved on:

Thursday, July 29, 2021

Articles, Culture, Repurposing, Sustainable business, Sustainable design, Used good, Waste, Fashion

thredUP is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first.

Key Points:

thredUP is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first.
By making it easy to buy and sell secondhand, thredUP has become one of the world's largest resale platforms for women's and kids' apparel, shoes and accessories.
thredUP has processed over 125 million unique secondhand items from 35,000 brands across 100 categories.
By extending the life cycle of clothing, thredUP is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.