Department stores make room for used fashion
5 years, 4 months ago

Department stores make room for used fashion

Associated Press  

NEW YORK — Out with the new and in with the old. Last week, J.C. Penney and Macy’s announced a pilot program to set aside sections inside a few dozen of their stores for used merchandise sold by ThredUP. “Trying to live in the past is a recipe for disaster.” Analysts applaud the strategy as a way to drive customers into stores, but they “It’s good that that they are looking at modern ways of shopping,” said Neil Saunders, managing director of GlobalData Retail. This won’t be unhelpful, but it won’t be transformative.” Saunders says resale shops could cannibalize other parts of Penney’s and Macy’s business. Still, there’s no guarantee that second-hand stores will lure young shoppers back into department stores.

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Walmart enters the clothing resale market by partnering with ThredUP
4 years, 7 months ago

Walmart enters the clothing resale market by partnering with ThredUP

CNN  

New York CNN Business — Walmart on Wednesday announced a partnership with resale platform ThredUp to sell previously owned branded clothing, shoes, handbags and more online. Walmart’s resale push, which follows similar efforts by retailers such as Nordstrom and Abercrombie & Fitch, should also appeal to millennial consumers who are increasingly driven by environmentally conscious shopping choices, Denise Incandela, head …

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