BLOGTHE RISE OF RECOMMERCE: WHY CONSUMERS SHOP RESALERecommerce, or the buying and selling of pre-owned items, has been growing in popularity in recent years, particularly for large items such as furniture and appliances. This trend is driven by several factors, including sustainability, financial benefits, uniqueness, and ethical considerations. With recommerce growing twice as fast as the wider retail market and …
BLOGRecommerce drives sustainability for retailers on earth day 2023Earth Day is an important day to reflect on our actions and their impact on the environment. One of the most pressing environmental issues is furniture waste. According to the Environmental Protection Agency, Americans threw out over 12 million tons of furniture in 2018, and over 80% of it ended up in …
LearningsWEBINAR: tHE RECOMMERCE CUSTOMERAnd Why Recommerce MattersIn this webinar, FloorFound CEO Chris Richter explores: Who the recommerce customer is Why consumers shop resale The benefits brands can experience by participating in resale We showcase examples of the considerable financial & sustainability benefits brand experience as a result of launching a recommerce program. Additionally, Chris discusses how brands can turn returns …
BLOGThe recommerce customer and why recommerce mattersThe world of retail is constantly evolving, and one of the most significant changes in recent years has been the rise of recommerce – the reselling of pre-owned items such as returns and open-box products. As a result of a rapidly changing economic environment and a growing demand for more sustainable practices, recommerce has …
BLOGinside burrow’s returns strategy: An interview with cfo kelley hicksRecommerce (the resale of returned, overstock, open-box items) has been gaining popularity in recent years as consumers search for more value, lower price points and become increasingly environmentally conscious. Retail brands have also been turning to recommerce to recoup their losses from returns. Burrow, a furniture company known for its innovative …
BLOG6 Reasons Why Recommerce Is Here to Stay in 2023Key Points: Recommerce saw a boom in 2022 that is expected to continue in 2023 Brands from a variety of industries including apparel, furniture, appliances, fitness, and retail are launching recommerce programs to capture lost revenue from returns Consumer appetite for secondhand items has also seen considerable growth, as nearly 70% …
BlogThe Recommerce Marketplace GuideA Powerful Opportunity to Make a Positive ImpactRecommerce is here to stay. What started as a way to shop for thrift apparel online has evolved into an ever-expanding marketplace of recommerced goods — from pre-loved shoes to open-box appliances and everything in between. Buying resale is easier than ever, with new recommerce marketplaces popping up every day. The …
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 …
LearningsSabai Case Study – Sustainable Furniture Brand’s Resale ProgramContinuously Pushing the Limits of CircularitySabai Design’s cofounder Phantila Phataraprasit was attending law school when she decided to start a comprehensively sustainable furniture business. She grew up running ecolodges with her mother in Thailand and was no stranger to the patience required for a sustainable business. And while Phataraprasit has been successful …
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