NewsShoppers At All Income Levels Seek ‘Resale First’ As Economy FaltersAUSTIN, Texas, Oct. 19, 2022 /PRNewswire/ — Consumer demand for secondhand and returned items is exploding amid inflation coupled with economic uncertainty. Research shows that the recommerce market grew twice as fast as the wider retail market in 2021 and is expected to reach $289 billion by 2027. And it …
NewsNeighbor Introduces End-to-End Recommerce Program for Outdoor Furniture with FloorFoundAUSTIN, Texas, Oct. 14, 2022 /PRNewswire/ — Recommerce pioneer and leader FloorFound today announced direct-to-consumer outdoor furniture brand Neighbor is using the FloorFound platform to streamline returns, extending their commitment to a superior customer experience and recapturing revenue from its premium resold loungers, tables, and chairs. Through FloorFound, Neighbor is offering high-quality …
BlogThe Economics of RecommerceA Powerful Opportunity to Make a Positive ImpactReturns are on the rise, with rates spiking to 16.6% of items purchased in 2021 — up from 10.6% in 2020. Retailers were already challenged with handling this type of inventory, and now they’re finding themselves with even more of it to manage. Many have been forced into asking the …
LearningsWEBINAR: The Economics of RecommerceHow A New Solution Turns Returns Into Found Profit ACCESS THE FULL VIDEOEnter your email below to watch the webinar in full. SUBMIT Thank you! Returns and reverse logistics historically have been sunk costs for brands, especially in the oversized market. But as economic pressures have consumers tightening their belts, resale continues to gain momentum as an …
