• Menu
  • Skip to right header navigation
  • Skip to main content

Retail Done Right

Header Left

    • Twitter
    • Instagram
    • Podcast
      • Show Notes
      • Podcast – All Episodes
    • Blog
    • Contact
    • Videos

    Header Left

      • Twitter
      • Instagram
      • Podcast
        • Show Notes
        • Podcast – All Episodes
      • Blog
      • Contact
      • Videos

      Show Notes | S2 Ep11 | Resale Retail Boom

      Download pdf

      INTRODUCTION

      Two of the current trends in our post-pandemic world that are driving the resale/reclaim/recycle retail boom are inflation and sustainability. These two trends warrant a deep dive individually, but how they are impacting and helping to drive the resale retail boom is worthy of inquiry.

      Martin Peers briefing for The Information highlighted Rent the Runway’s recent performance – and I quote, “The company reported 91% growth in revenue for its fiscal fourth-quarter ending in January, and projected a similar rate of growth for the first quarter. The main reason is that people are partying again—and finally returning to the office.”

      I’d add that their customers are on the front line of sustainability.

      Cristene shared very relevant data points from her recently published report, “Balancing Sustainability and Profitability’ for IBM Institute for Business Value.

      RESEARCH AND LINKS

      The Information

      • https://www.theinformation.com/

      Balancing Sustainability and Profitability, IBM Institute for Business Value

      • https://www.ibm.com/thought-leadership/institute-business-value/report/2022-sustainability-consumer-research

      Lululemon Like New

      ·        https://shop.lululemon.com/story/like-new

      2nd Hand Clothing Boom

      ·        https://www.harpersbazaar.com/uk/fashion/fashion-news/a36810362/secondhand-clothing-boom/

      Shoppers are Buying from Resale Retailers More Than Ever – Here’s Why

      • https://www.cnbc.com/2021/11/28/shoppers-are-buying-from-resale-retailers-more-than-ever-heres-why.html

      The Rise of Thrift Stores

      ·        https://www.axios.com/rise-of-thrift-stores-secondhand-fashion-gen-z-519dd44a-1ff7-402e-9025-8eb3551be703.html

      Ellen MacAuthur Foundation – systems diagram of the Circular Economy

      • https://www.epa.gov/system/files/images/2021-11/ellen-macarthur-foundation-graphic.png

      Inflation Is About to Come Down — but Don’t Get Too Excited (paywall)

      • https://www.nytimes.com/2022/04/12/opinion/inflation-consumer-prices.html?smid=url-share

      Great Places to Work (Forbes)

      • https://www.greatplacetowork.com/best-workplaces/100-best/2022

      CONCLUSION

      The resale market is alive and well, which is such a great barometer for the Circular Economy.

      Thank you for listening. Please share your comments. And let’s go thrift shopping!

      Jeff Fisher & Cristene Gonzalez-Wertz

      https://retaildoneright.net/

      #RetailDoneRight

      Connect with Jeff on LinkedIn

      Connect with Cristene on LinkedIn

      RETAIL DONE RIGHT is produced and hosted by Jeff Fisher & Cristene Gonzalez-Wertz

      About Jeff Fisher

      Jeff Fisher - #RetailDoneRight
      I create shopping experiences, which are at the intersection of store design, visual merchandising, interactive technologies and in-store communications. Let me help you navigate through the changing nature of retail.

      Copyright © 2023 · Retail Done Right