Recommerce | Jotup

Top Five Digital Consumer Trends in 2024: Intuitive E-Commerce, TikTok Economy, Outsmart Online, Recommerce 2.0 and Revamped Returns

Retrieved on:

Vendredi, mars 22, 2024

Internet of things, Recommerce, Shopify, Digital, Annual report, Social media, Temu, Gen, Legislation, Online shopping

DUBLIN, March 22, 2024 /PRNewswire/ -- The "Top Five Digital Consumer Trends in 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, March 22, 2024 /PRNewswire/ -- The "Top Five Digital Consumer Trends in 2024" report has been added to ResearchAndMarkets.com's offering.
This annual report explores the top five digital shopper trends that will redefine commerce the most in the year ahead.
Some of the trends included in this report's edition touch on topics such as generative AI, recommerce, online budget hacks, the popular social network TikTok and product returns.
Digital consumers are flocking to TikTok and Douyin, twin social media platforms that have embraced short-form video content.

Evergreen Goodwill of Northwest Washington Announces New President and CEO Libby Johnson McKee

Retrieved on:

Mercredi, février 21, 2024

Evergreen Goodwill of Northwest Washington announced today that its board of directors has selected Libby Johnson McKee as the next president and CEO, ushering in a new chapter in leadership for the workforce development provider and mission-driven thrift retailer.

Key Points:

Evergreen Goodwill of Northwest Washington announced today that its board of directors has selected Libby Johnson McKee as the next president and CEO, ushering in a new chapter in leadership for the workforce development provider and mission-driven thrift retailer.
Johnson McKee will officially start the new role on March 13 and will succeed current President and CEO Daryl Campbell, who will retire on March 22 after 10 years with the organization.
View the full release here: https://www.businesswire.com/news/home/20240221773560/en/
Libby Johnson McKee will officially start as Evergreen Goodwill CEO on March 13 (Photo: Business Wire)
Johnson McKee is a Seattle native and longtime Evergreen Goodwill board member.
“Throughout my career, I have looked for ways to combine business with social impact, and Evergreen Goodwill does that every day,” Johnson McKee said.

Rush ReCommerce Advances Network and Retail Partnerships for Online Returns

Retrieved on:

Jeudi, février 8, 2024

Online, Retail, Partnership, Create, Nielsen, National Retail Federation, Recommerce, Online shopping

OMAHA, Neb., Feb. 8, 2024 /PRNewswire/ -- Rush ReCommerce, an end-to-end returns solution specifically for the home furnishings industry, is expanding its network of retail partners and will process more than 400,000 returns in 2024, maximizing return recovery rate up to three times the industry average. The company is growing partnership opportunities, which will prevent nearly 8 million pounds of product from the landfill, providing a solution-facing circular economy.

Key Points:

According to the National Retail Federation, in 2023 the total returns for the retail industry amounted to $743 billion in merchandise.
Rush ReCommerce is forecasting to process more than $76 million in retail value of returns for more than 200 home furnishing partners in 2024.
Through their network, Rush ReCommerce has helped create a sustainable way to shop for open box furniture online.
The result is a larger number of returns," said Julie Mahloch, Rush ReCommerce Co-Founder and Chief Business Development Officer.

Zoomcar Announces the Appointment of Adarsh Menon as President

Retrieved on:

Mardi, janvier 16, 2024

Entrepreneurship, Flipkart, Zoomcar, Hindustan Unilever, Travel, Customer experience, Recommerce, Menon, Hypervalue, Management

(“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the leading marketplace for car sharing in emerging markets, has announced the appointment of Adarsh Menon as its President to lead its business.

Key Points:

(“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the leading marketplace for car sharing in emerging markets, has announced the appointment of Adarsh Menon as its President to lead its business.
In his new role, Menon will be responsible for all aspects of Growth, Operations, and Customer Experience for the Company.
Menon is a seasoned industry leader with over 22 years of experience and has joined Zoomcar after an eight-and-a-half-year stint with Flipkart and a twelve-year stint with Hindustan Unilever.
Menon enjoys solving the complex problems associated with scaling up businesses to positions of dominance in India.

Sunrise is launching a unique Device-as-a-Service offer – customers benefit from flexible, worry-free and sustainable smartphone ownership

Retrieved on:

Mardi, août 22, 2023

Online, Insurance, Theft, IPhone, Life, Smartphone, AG, Apple Store, AppleCare+, Tablet, Flex, Device, Recommerce, Mobile phone, Video game, Online shopping, Sunrise

With «Flex Upgrade», a flexible, affordable, worry-free and sustainable Device-as-a-Service offer, Sunrise is redefining smartphone and tablet ownership.

Key Points:

With «Flex Upgrade», a flexible, affordable, worry-free and sustainable Device-as-a-Service offer, Sunrise is redefining smartphone and tablet ownership.
Worry-free: If customers insure a device with Flex Upgrade, it is covered against damage or theft, subject to a moderate excess.
Sustainable: Customers can have devices repaired as often as needed in order to extend their useful life.
If a customer’s current smartphone is damaged or stolen, Sunrise will replace it within 24 hours thanks to Flex Upgrade .

Fashionphile Data Partnership Unveils Promising Projections for Global Luxury Fashion Online Recommerce Market in 2023: Luxe Brands Embrace the Resale Trend

Retrieved on:

Jeudi, août 10, 2023

Online, Luxury, First Time, Environmental Benefits Index, Gen, Generation, EBay, EUR, Sustainability, Pandemic, Recommerce, Retail, Auction, Online shopping, Hotel, Used good

Overview of Luxury Fashion Online Recommerce Market, January 2023 (1 of 2)

Key Points:

Overview of Luxury Fashion Online Recommerce Market, January 2023 (1 of 2)
Overview of Luxury Fashion Online Recommerce Market, January 2023 (2 of 2)
Secondhand Luxury Goods Market Size, in EUR billion, 2021 & 2025f
Share of Resale Making Up Secondhand Product Buyers' Purchase Basket, in %, 2022e & 2023f
Share of Secondhand Shoppers That Are Inclined to Buy Products From Brands They Could Not Afford New, in %, 2021
Share of Luxury Shoppers Who Are the Most Likely to Buy Secondhand Goods, by Generation, in %, 2022
Share of Luxury Shoppers Who Are the Most Likely to Sell Secondhand Goods, by Generation, in %, 2022
Drivers of Selling Fashion Items, in % of Secondhand Sellers, 2022
Barriers to Selling Fashion Items, in % of Secondhand Non-Sellers, 2022
Share of Respondents Who Discovered a Brand or Bought Secondhand Luxury Item for the First Time, in %, 2022e
Breakdown of Purchased Secondhand Product Categories, by Number of Articles Purchased, in % of Total Number of Secondhand Purchases Annually, 2022e
Share of Respondents Who Bought vs Those Who Are Likely to Buy a Pre-Owned Fashion Item in the Future, in %, April 2022
Reasons for Buying Pre-Owned Fashion, in % of Luxury Shoppers, April 2022
Reasons for Selling Pre-Owned Luxury Products, in % of Pre-Owned Luxury Sellers, 2021
Top Changes that Respondents Made to Luxury Fashion Due to the Pandemic, in % of Respondents, April 2022
Share of Respondents Who Want More Information on Authenticity and Origin of Pre-Owned Items, in %, April 2022
Share of Luxury Shoppers Who Rate the Following Luxury Brand Features 4 or Above on a Scale of 1 to 5, in %, October 2021
Adoption of Select Innovation Features by the Top Performing Luxury Fashion Brands, incl.
Resale, October 2021
Share of eBay Buyers Who Have Engaged in Online Recommerce, in %, November 2022
eBay Users Who Value Sustainability and Environmental Benefits When Shopping Secondhand, by Generation, in % of eBay Users, November 2022
Share of eBay Sellers Who Stated That the Economy Has Caused an Increase in Their eBay Activity, All Sellers vs Gen Z Sellers, in %, November 2022
Share of eBay Sellers Who Have Sold on eBay to Make Extra Cash, All Sellers vs Gen Z Sellers, in %, November 2022
Share of eBay Buyers Who Stated Financial Savings as Reason for Recommerce, All Buyers vs Gen Z Buyers, in %, November 2022
Share of eBay Sellers Who Believe Selling Pre-Owned Goods Has Become Easier in Recent Years, in %, November 2022
Secondhand Luxury Watch Market Size, in USD billion, 2022e & 2026f
Breakdown of Secondhand and Firsthand Luxury Watch Market, in %, 2022e & 2026f
Share of Watch Resale Market Making Up Total Watch Market, incl.
"Luxury Watches", in %, 2025f
Share of Online Channels Making Up Total Luxury Watch Resale, in %, 2026f

Trove Secures $30M Series E Funding Further Expanding Market Leadership Position In Branded Resale and Trade-In

Retrieved on:

Jeudi, août 10, 2023

The news comes on the heels of Trove’s international expansion , with five facilities across North America, and more to come.

Key Points:

The news comes on the heels of Trove’s international expansion , with five facilities across North America, and more to come.
Trove will continue its expansion through logistics partners, in addition to Trove's owned and operated ReWarehouse.
Currently, Trove-powered resale sites account for more than 60% of all branded resale traffic in North America according to industry-source, Second Measure.
“For over a decade, Trove has been the pioneer behind leading resale programs,” says Trove CEO Gayle Tait.

Trove Expands Branded Resale Operations Across North America Including Canada to Meet Surging Demand

Retrieved on:

Vendredi, juillet 21, 2023

Trove , the market leader in branded resale and trade-in for world-class brands and retailers such as Canada Goose, lululemon, Patagonia, REI, Levi’s, Arc’teryx, Carhartt, and more, today announced the expansion of five Trove Recommerce Powered Partner facilities across North America including the US and Canada, with European expansion on the horizon.

Key Points:

Trove , the market leader in branded resale and trade-in for world-class brands and retailers such as Canada Goose, lululemon, Patagonia, REI, Levi’s, Arc’teryx, Carhartt, and more, today announced the expansion of five Trove Recommerce Powered Partner facilities across North America including the US and Canada, with European expansion on the horizon.
To meet the company’s accelerating expansion, the company is actively certifying a growing network of Trove Recommerce Powered Partner logistics facilities.
“This is a milestone for Trove: We’re expanding our proprietary Recommerce Operating system that is custom-built for resale and circular services to meet the growing scale of our company through strategic partnerships,” said Gayle Tait, CEO of Trove.
Trove powers trade-in and resale within a brand’s unique ecosystem, giving them an opportunity to own the customer experience, data and drive loyalty with existing customers and recruiting new ones to the brand.

Fixably Partners with Capital Growth Partners to Speed Up US Expansion

Retrieved on:

Jeudi, juillet 20, 2023

Software as a service, Partnership, Business Finland, CGP, Lafon, Apple Authorized Service Provider, Capital, Software, Mobile phone, Management, Recommerce

HELSINKI, Finland, July 20, 2023 (GLOBE NEWSWIRE) -- Fixably , the global after-sales software provider, is partnering with business advisory firm Capital Growth Partners (CGP) as they expand in the US.

Key Points:

HELSINKI, Finland, July 20, 2023 (GLOBE NEWSWIRE) -- Fixably , the global after-sales software provider, is partnering with business advisory firm Capital Growth Partners (CGP) as they expand in the US.
Bob Lafon, President of Capital Growth Partners announced the partnership earlier this month.
Fixably had earlier this month announced $10 million in funding and the launch of Fixably Refurb software, aimed at helping recommerce businesses boost profitability.
Fixably Refurb expands the company’s ability to serve the broader aftersales market, including the existing service capacity of the Fixably Repair network in over 35 countries.

Carhartt Reworked Resale Program Expands to Retail Stores

Retrieved on:

Mercredi, juillet 19, 2023

Partnership, MSRP, Life, Hoodie, Intelligence, Sustainability, Recommerce, Paper, Growth, Ecosystem, Mail, Snow Patrol discography, Clothing, Online shopping, Fashion design, Carhartt, Trove

DEARBORN, Mich. and BRISBANE, Calif., July 19, 2023 /PRNewswire/ -- Following the successful pilot launch of its resale program dedicated to extending the life of workwear and reducing clothing waste, America's premium workwear brand Carhartt, in partnership with Trove, announced today it will expand Carhartt Reworked to accept trade-in at 35 company retail stores effective immediately and begin mail-in trade-in starting in late 2023.

Key Points:

Beginning July 19, participating Carhartt retail stores will begin accepting in-store trade-ins.
The expansion of the trade-in program comes after the company piloted the program in six stores across the U.S. Beginning in late 2023, Carhartt will expand the program to cover the full U.S. as it begins accepting mail-in trade-in.
Here's how it works:
Consumer Trade-In: The Reworked program will accept trade-in of select Carhartt products that meet the requirements.
Mail-In Trade-In: Beginning in late 2023, the Reworked program will accept mail-in trade-in of select Carhartt products that meet the eligibility and condition requirements.