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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 online resale market is the fastest growing, with 21% growth [expected annually] over the next five years.

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

GetElastic

The eCommerce industry is constantly evolving to meet market demands and economic conditions. Each year Gartner makes market predictions and recommendations based on research and trends. By 2027, 20% of customers who ordered from enterprise marketplaces in 2022 will retreat from them due to ethical concerns and lack of trust.”

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Dr. Martens Prescribes Shoe Resale Program to Support Circularity

Retail TouchPoints

resale market is expected to reach $70 billion in the U.S. and $350 billion globally by 2027. Martens boots, shoes and bags at Abbot Kinney stores in Los Angeles and Portland, Ore., receiving a voucher for $20 off the price of a new item. Technology to support the resale program is provided by Archive. According to ThredUp , the U.S.

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Ecommerce Content Marketing Tips: Leveraging Email, Blogs, SEO, & More

ROI Revolution

Between website SEO , ecommerce blogs, email marketing, and conversion rate optimization , one thing remains clear: Content is still king. We conducted a survey of 170+ digital marketing professionals to get a clear picture of the current ecommerce landscape. Why is content marketing important? Email Marketing.

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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. The global BNPL market grew from $105.15 As services like Amazon Pay expand and go mainstream, the market is expected to top $744 billion by 2027. billion in 2022 to $155.79