News5 reasons why wealthy consumers are embracing the furniture resale marketFurnitureToday, November 14, 2022 — When it comes to buying secondhand furnishings, it’s not just Gen Zers looking to outfit their first apartment. In fact, a recent survey from re-commerce platform FloorFound reveals that 95% of affluent shoppers — those making more than $175,000 a year — shop resale first …
NewsA resale ‘revolution’: Affluent shoppers embrace secondhand shoppingKey Points The resale business is projected to grow by 80% over the next five years. High-income shoppers are increasingly turning to the secondhand market as a means to secure hard-to-find luxury items. Nov 1, 2022 / CNBC — Bargain hunting is certainly not new. But with the Covid pandemic came a surge …
NewsMillion Dollar Baby Co. Partners with FloorFound to Launch Nation’s First Recommerce Program for Baby FurnitureInnovative program offers safe, stylish “like new” furniture to online shoppers, reducing furniture waste while expanding purchase options for families around the country AUSTIN, Texas, Oct. 31, 2022 /PRNewswire/ — Nursery furnishings leader Million Dollar Baby Co. today announced the launch of its recommerce program …
NewsStudy: Demand for secondhand, returned goods — including furniture — explodingChain Store Age — Value is top of mind for all consumers — including the most affluent — as resale expands beyond apparel. Consumer demand for secondhand and returned items is exploding amid inflation and economic uncertainty, according to a survey by FloorFound. The recommerce market grew twice as fast as the …
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 …
NewsPR NEwswire – FloorFound Named a Winner in 2022 Austin Chamber A-LIST AwardsAwardsAwards About Press Blog Careers Contact Privacy PolicyNot yet a user? Sign upSign InNot yet a user? Sign up
NewsFurniture Today – FloorFound expands its executive team as ‘retailers turn to recommerce in record numbers’AwardsAwards About Press Blog Careers Contact Privacy PolicyNot yet a user? Sign upSign InNot yet a user? Sign up
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 …
