Daily LInks
1. Online Thrift Shop ThredUp Files Confidentially for U.S. IPO: ThredUp – which is targeting a listing early next year and could raise $200 – $300 million – is part of a growing number of e-commerce sites selling used goods and competing against consignment shops and Salvation Army Thrift Stores. The digital resale market is poised to grow 27% this year to about $9 billion in sales and could quadruple that total by 2024. – Read More on Bloomberg
2. Resale platforms gain steam as they grapple with business model: Resale platforms are attracting users, but the it’s still unclear what their path to profitability will look like. Between competing with retailers’ own secondhand sales ventures and subsidizing sellers’ shipping costs, fine tuning their margins could prove difficult. – Read More on Modern Retail
3. RETRO READ: Counterfeits or Control: What is the Real Issue Between Brands and Amazon? To a large extent, the potential that brands are conflating the sale of unauthorized goods with counterfeits (either intentionally or mistakenly) just might make sense. In fact, such an alleged pattern sheds a lot of light on the changing distribution landscape that brands are currently faced with, one that looks markedly different than it did just a decade ago. – Read More on TFL
4. The overall rise in retail and food services sales was led by consumer spending on clothing and clothing accessories, sporting goods and motor vehicles and parts. Clothing and accessories registered a month-on-month increase of 11% in sales to $19.48 billion in September. Spending at sporting goods, hobby, musical instrument and book stores rose 5.7% from a month earlier to $7.71 billion. – Read More on S&P Global
5. The Digital-Piracy Dilemma: In the world of film, one of the most important things copyright owners can do is market their content online to increase awareness and revenue. At the same time, they have to protect their content from internet piracy, which chips away at sales. This is an often-discussed dilemma — but these two goals may not always be in tension. – Read More on HBR
6. Pandemic is rolling back conditions in Asia garment factories: “Workers are extremely vulnerable and factories are vulnerable to agree to conditions with brands that don’t allow them to ensure proper working conditions,” said Tara Rangarajan of the ILO’s Better Work program. – Read More on Reuters