1. U.S. retailers welcome consumers back to stores as e-commerce growth slows: “E-commerce has been moderating for a couple quarters now; we think that continues more drastically as the vaccine is distributed and the pandemic gradually fades. It’s going to be more balanced between physical store sales and e-commerce.” – Read More on S&P Global
2. How a used-clothing site became a $184 million tech giant: Resale us booming, but over the long term, ThredUp faces challenges: stiff competition comes from many other players popping up on the market, and brands such as Patagonia are launching resale marketplaces of their own products. – Read More on Fast Co.
3. RELATED READ: Are Buyback Programs the Future of the Luxury Market? Second-hand luxury can actually be seen as “a new growth driver and another high-quality, entry-level offer, such as perfumes, bags and shoes.” And those are precisely the types of high-margin offerings that enable most luxury brands – which, with their high turnover, volume-based models, are not actually based on exclusivity at all – to generate billions in revenue. – Read More on TFL
4. BofA names the ‘must have’ global stocks set to pop on a China spending boom: “China is the most exciting opportunity in online luxury,” they wrote. The bank expects Chinese shoppers to spend 41 billion euros ($48.9 billion) buying luxury goods via e-commerce in 2025 — a four-fold increase on 2020. – Read More on CNBC
5. Citing privacy concerns, some online marketplaces move against seller transparency: Online marketplaces eBay, Etsy, Mercari, OfferUp and Poshmark on Tuesday launched “the Coalition to Protect America’s Small Sellers” or the PASS Coalition, in opposition to the newly-reintroduced INFORM Act, a federal bill aimed at curtailing sales of fake and stolen goods through online marketplaces. – Read More on Retail Dive