Skip to main content

Home Products Resale Market Soars 17%

OfferUp’s latest research showed that half of U.S. consumers shopped resale for home goods during the pandemic. And their spending on home decor and furniture resale items rose 17 percent during the year. Authors of the OfferUp recommence report noted that these gains “are projected to continue to become a $23.6 billion market by 2025, making recommerce the fastest-growing channel for home-related items.” The report also revealed that about two-thirds of American homes “have home goods and furniture acquired through resale.” OfferUp, is a mobile marketplace with more than 56 million buyers and sellers using its app to buy and sell everything from apparel and jewelry to electronics and automobiles. This most recent report solely focused on furniture and home products, and was published in partnership with data analytics firm GlobalData. The company said resale marketplaces “were the fastest-growing retail channel for home products and have become go-to destinations for hard-to-find items like desks, exercise equipment and electronics.” The research found that 35 percent of consumers bought home products last year using resale apps, “saving $400 on average compared to traditional retail costs. OfferUp said home products were the fastest-growing category across resale in 2020. Nick Huzar, chief executive officer and cofounder of OfferUp,

Follow WWD on Twitter or become a fan on Facebook.



from WWDWWD https://ift.tt/3meSlxr
Labels:

Comments

Post a Comment

Popular posts from this blog

The 12 Best Floral Delivery Services to Easily Order Christmas Flowers Online

If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. Few gift ideas have stood the test of time quite like a stunning bouquet of flowers filled with a variety of lush, blooming florals along with sprigs of complimentary greenery. Sending an arrangement of flowers is everyone’s favorite go-to gift idea to spread love on Mother’s Day, a birthday, anniversary, to say thanks, or simply show appreciation for someone special in your life. And at this time of year, sending flowers makes for an always-cherished holiday gift as well. Although fresh bouquets won’t last forever, they’re a heartwarming gift. “Flowers are something that makes everyone smile,” says Emily Reifel, director of social events at The Plaza Hotel in New York City. “With flowers, you don’t have to do anything. It’s easy — it comes, it’s beautiful, and the recipient just gets to enjoy the beauty of it. There’s no work on their end at all.” We’ve ...
Post a Comment
Read more

Kobe Bryant and wife ‘had deal to never fly in helicopter together’

The basketball star and his daughter tragically died in a helicopter crash this week Kobe Bryant and his 13-year-old daughter Gianna both tragically died in a helicopter crash this week. And, while the NBA basketball player would regularly use helicopters to travel around Los Angeles, his wife Vanessa Bryant had previously agreed to never fly with him. A source told PEOPLE: “He and Vanessa had a deal that they would never fly on a helicopter together.” They added that Kobe “only” flew in helicopters with pilot Ara Zobayan , who was among the seven others killed in the crash, alongside Kobe and Gianna. READ MORE CELEBRITY NEWS Kobe and Gianna are survived by Vanessa, and their other daughters Natalia , Bianka , and Capri , who was only born in June last year. Kobe previously revealed he began using helicopters while he still played for the Los Angeles Lakers because bad traffic meant he was missing quality time with his family. He told Alex Rodriguez in 2018: “I was sittin...
Post a Comment
Read more

Nike’s P-6000 Sneaker Will Be Your Best Fall Investment for Retro-Inspired Style and Everyday Comfort

If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. We said what we said: 2025 is the year of the retro Nike sneaker, confirming fashion insiders’ quest for hearty doses of nostalgia when it comes to what they’re putting on their feet this fall. But it doesn’t take a thorough examination of the iconic brand’s “New & Featured” section to get a firmer understanding of the Y2K-inspired sneakers style-savvy shoppers are gravitating to these days; instead, a trip down memory lane (precisely six years back) to the release of the Nike P-6000 style in particular is the first step to grasping how and why it became one of the leading retro runners of the year. Taking on the best traits of Nike’s early aughts releases — specifically the Pegasus 2006 and Pegasus 25 — it’s not exactly the kind of low-profile, slim-fit sneaker that’s been gracing the street styles of everyone from Jennifer Lawrence to Gigi ...
Post a Comment
Read more