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.
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Cautious consumers shunned big-ticket items last year
Higher tax refunds could lift discretionary spending in 2026, but the labor market is the biggest factor, according to Bank of America Institute research.
Could off-price retailers start grabbing market share from each other?
So far, department stores and other mainstream retailers have the most to fear as TJX, Ross and Burlington open hundreds of stores each year.
US resale market expected to surpass $78B by 2030
The U.S. secondhand market last year grew nearly four times faster than the broader retail clothing market, according to ThredUp’s latest report.
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.
Rhone launches resale program
ReRhone is powered by resale tech platform Archive and debuts with branded inventory sourced from customer returns.