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Resale Continues to Rise: Global Secondhand Sales to Hit $350B by 2027

Retail TouchPoints

Consumers and retailers are turning to resale more than ever amid economic uncertainty, according to ThredUp ’s 11th annual Resale Report , conducted by GlobalData. consumers ( 52% ) shopped secondhand apparel in 2022. The reason I call that out is because, what the online resale market does for the consumer is make everything easier.

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China Offers ‘Strong Financial Support’ to Help Boost Recycling of Household Appliances

Retail TouchPoints

Seeking to increase consumer recycling of used household appliances, the Chinese government has pledged to update regulations and provide “strong financial support for large-scale equipment renewals and trade-ins of consumer goods,” according to a statement by the English-language channel of the country’s State Council.

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India’s Consumer Market Set To Become the World’s Third Largest by 2027, Behind the U.S. and China

RetailWire

India’s consumer market is poised to become the world’s third-largest by 2027, following the U.S. and China, as the number of middle- to high-income households surges, according to a report by BMI. Currently in fifth place, a projected 29% increase in real household spending is expected to propel India up two spots.

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Gartner 2023 Predicts: Brands Must Focus On Composability, AI, and Building Consumer Trust

GetElastic

By 2027, 20% of customers who ordered from enterprise marketplaces in 2022 will retreat from them due to ethical concerns and lack of trust.” By 2027, 20% of customers who ordered from enterprise marketplaces in 2022 will retreat from them due to ethical concerns and lack of trust.” Read on for a deeper dive into these predictions.

Consumer 148
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Dr. Martens Prescribes Shoe Resale Program to Support Circularity

Retail TouchPoints

and $350 billion globally by 2027. Technology to support the resale program is provided by Archive. According to ThredUp , the U.S. resale market is expected to reach $70 billion in the U.S. Timeless design and durability have always been core to our brand, and we’re passionate about offering resale to our U.S.

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Amazon Pay Adds BNPL Option for Prime Visa and Amazon Visa Cardholders

Retail TouchPoints

Consumers will be able to split payments across six or 12 months at 0% APR on purchases of $50 or more. As services like Amazon Pay expand and go mainstream, the market is expected to top $744 billion by 2027. The global BNPL market grew from $105.15 billion in 2022 to $155.79 billion in 2023 at a compound annual growth rate of 48.2%.

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Levi’s Plans to ‘Accelerate Growth’ by Adding 400 New Stores, Tripling Ecommerce

Retail TouchPoints

At its June 1, 2022 Investor Day, Levi Strauss and Co executives laid out an aggressive strategy to propel the company toward revenues of $9 to $10 billion by 2027, by doubling down on DTC and diversifying beyond denim. “We The company reaffirmed its expectations for fiscal 2022, with revenues expected to reach $6.4 billion this year.

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