Are secondhand sales beefing up this little retail segment?

Wells Fargo economists suspect that sales of used items helped push sales at “miscellaneous retailers” up more than 8% in the last 10 months.

Department stores losing market share to resale

Off-price retailers have little to fear from rapidly growing secondhand sales, though, according to research from Bank of America analysts.

Handheld devices used by drivers enabled the new feature for shipments of bulkier goods like appliances and lumber.

The U.S. secondhand market last year grew nearly four times faster than the broader retail clothing market, according to ThredUp’s latest report.

The company’s Return Vision software compares returned products with images from the retailer, a capability being used by Everlane and others.

From the trajectory of the department store segment to the rise of generative AI, here’s what Retail Dive is keeping an eye on this year.