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Same Language, Different Lingo
As I have been spending more and more time with our international customers, I have found that the term “consignment shop” is not always the norm. One of our UK clients informed me that a common term there is “dress agency.” After that, I noticed some of the hashtags...
Every Business Starts Small
In 2005 Etsy’s founders, Rob Kalin, Chris Maguire, and Haim Schoppik created the company in a Brooklyn apartment. Their original vision was to create a business that would function as an online platform for craftsmen to sell their goods. Read more about their history....
Opening a Brick-and-Mortar Store
Have you decided to open a retail store but don’t know where to start?You’ve always dreamed of owning your own consignment business, and now you’ve decided to make those dreams a reality. Whether you’re opening a traditional brick-and-mortar store or building an...
The Resale Market in 2023
Resale items currently make up approximately one-quarter of secondhand products buyers’ closets but they are expected to make up 27% of closets by 2023. Sarah Willersdorf, global head of luxury and coauthor of the report at BCG, said: “It is now certain that consumers...
Rolex Enters the Resale Market
Rolex is going to enter the second-hand watch market allowing customers to buy watches that have been checked for their working condition, certified as authentic by the brand (or qualified authorized dealers), and sold with a Rolex two-year international guarantee....
The Evolution of the Resale Industry
The resale market is still growing fast, and this evolution affects your business. A new survey reveals that purchases of pre-owned goods are expected to increase next year. Most survey responders (62 percent) said clothing is most likely to be purchased from the...