Secondhand e-commerce sites see a silver lining

secondhand e commerce sites see a silver lining | Secondhand e-commerce sites see a silver lining Consumers looking for bargains as they shop from home will contribute to secondhand’s 27% growth rate in 2020, according to a new ThredUp report. The coronavirus pandemic has changed consumer shopping behavior and shifted dollars from brick-and-mortar retailers—many of which are only now starting to open—to online stores, and resale is a beneficiary.
“It’s definitely been a surreal time,” said Poshmark CEO Manish Chandra. “When the pandemic started in a big way in late February and into March, when it was first declared a pandemic, the initial reaction [to Poshmark] was very negative. After people adjusted, we saw a massive increase in engagement in sales and selling.”  Read more…

Share this post



Thanks to our Partners

CBCOMMERCE NETWORK

FOLLOW US

NEWS FROM EXTERNAL SOURCES

CURRENCY TREND IN REAL TIME

EUROPE ECONOMIC CALENDAR

Browse the latest Retail and eCommerce News and Insights

CBCOMMERCE NETWORK

FOLLOW US

NEWS FROM EXTERNAL SOURCES

Latest Retail and eCommerce News / Insights

en English
X