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Secondhand Grew 15X Faster than New Apparel Sales in 2023, but ThredUp CEO Still Sees Ample ‘White Space’

Retail TouchPoints

Source: ThredUp 2024 Resale Report In 2023, global sales of secondhand apparel reached a staggering $197 billion (up 18% from $167 billion the year before), and ThredUp projects that figure will reach $350 billion by 2028. alone, secondhand apparel accounted for $43 billion in sales in 2023, and it’s expected to reach $73 billion by 2028.

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Top 4 Strategies for AI-Powered Profitability

Retail TouchPoints

billion in 2028. Additionally, by implementing an AI-powered forecasting solution, you can increase your operational efficiency and enhance customer satisfaction by proactively managing your supply chain while reducing waste and costs across your operations. billion in 2021 to $31.18 Customer support.

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Four Ways Retailers can Boost Retail Media Network Profitability

Retail TouchPoints

Retail media networks (RMNs) are rapidly becoming one of the most lucrative digital ad formats, with predictions suggesting that by 2028, RMNs will contribute to 15.4% However, there is a growing need for technological advancement in this market, particularly in terms of improved targeting and data strategy.

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Billing and Subscription Management: A Detailed Comparison of 5 Options

FastSpring

Most billing and subscription management solutions let you: Build various trial and subscription models (e.g., Manage active subscriptions (e.g., Provide your customers with a self-serve portal where they can manage their account. Provide your customers with a self-serve portal where they can manage their account.

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Clean Data, Clean Planet: How Online Retailers can use Data Analytics to Reduce Their Carbon Footprint

Retail TouchPoints

New tools make data available to retailers like never before and are the linchpin to improving efficiencies, reducing waste, saving energy and assessing overall carbon footprint. Here are some of the ways retailers can reduce their carbon footprint using new tooling and data analytics: Improving Freight’s Environmental Capabilities.

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Beyond the Borders – How Retailers are Shifting Gears to Diversify  

Retail TouchPoints

CVS’ partnership with Microsoft focused on developing innovative solutions to help consumers improve their health, while empowering over 300,000 CVS Health employees with tools to attend more than 100 million people. from 2021 to 2028); vegan products; and blue zone-specific assortments, among others.

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5 Things for Apparel Brands to Know About the Circular Economy

ESW

Here are five things clothing brands with consumer DTC ecommerce channels should know about the circular economy, including how it can increase brand loyalty, improve the customer experience and reduce the environmental impact. If your brand is ready to get involved in the circular economy and improve sustainability efforts, let ESW help.

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