eBay’s Post

Recommerce sales continue to be a significant part of eBay’s business, driven especially by the younger generations who are considered both buyers and sellers on eBay. "We're seeing an increase in shopping in terms of recommerce. Remarkably, 40% of our (eBay’s) gross merchandise value (GMV) now comes from recommerce,” said Renée Morin, chief sustainability officer at eBay. The growth aligns with the company’s goals and consumer preferences towards contributing to a circular economy. In eBay’s 2024 Recommerce report, over 70% of consumers surveyed globally plan to spend on recommerce/pre-loved goods this year.

A recent report by eBay highlights that consumers are reassessing their priorities and embracing the concept of ‘recommerce’ – buying and selling preloved items. #recommerce #ecommerce #retailnews #retail #onlineretail https://lnkd.in/eZcXCiMh

“Model is 1.88m and wears size Large”. It could be as simple as me adding that to the data mapping if it’s present in your feed. Ready when you are. #rithum #marketplaces

📣 Opinions wanted 📣 In December 2022, it was reported recommerce was growing 20x faster than the broader retail market – our original article is linked below. Now, almost 9 months later and with another Black Friday quietly creeping up on us in a few short months (!), does resale still feel like it's on a meteoric rise? How are those in recommerce ensuring it is both aiding sustainability and is ultimately profitable as it scales? https://hubs.li/Q01_18ty0 #recommerce #resale #sustainability #circulareconomy #retail

Did you know second-hand sales and buyback programs are increasingly a potential source of revenue for online retailers? Consumers are looking toward resale as an ecommerce shopping option, particularly as they try to cut costs. To understand this topic further, find out more here -> https://buff.ly/3tEFXyx Article Credit -> Digital Commerce 360 #SecondHandBuyers #eCommerce #ShoppingHabits #Tech

TFN INSIGHTS: Place an order, get a promo: Why Brands Are Investing In Post-Purchase tech..🤔 As brands work to increase average order value and loyalty among existing customers, they are turning to the fertile territory of purchase confirmation, hoping to use technology to emulate in-store impulse buys. Customer retention has become as critical as customer acquisition for online brands up against a competitive field and changing marketing landscape. A new suite of post-purchase tech tools is designed to bring customers back for a second purchase or bulk up online orders at the time the order is placed... Read the full text here: https://lnkd.in/eYNgqWiP Credit: Vogue Business #fashion #ecommerce #retail

E-commerce has made shopping convenient, but the "free" returns culture has its hidden costs. Returns impact not just shipping expenses but the entire supply chain, making it an intricate challenge for fashion retailers. At SAIZ, we've always been passionate about addressing these challenges. Our mission is to transform how retailers approach returns, not just by reducing them but by creating a shopping experience so precise and personalized that returns become the exception, not the rule. We understand that the world of fashion retail is ever-changing. It's not just about managing returns; it's about redefining the entire journey. We're committed to helping brands adapt, innovate, and thrive in this evolving landscape. Let's embark on this journey together and make fashion retail smarter, sustainable, and more customer-centric. https://lnkd.in/dM7Y3c4v 

The 2024 #Recommerce Report reveals that global consumers, including current eBay users and general shoppers, are increasingly turning to pre-loved shopping for unique items and great values.

What is meaningful to us is that looking ahead to 2028, Zalando's strategy integrates both Business-to-Consumer (B2C) and Business-to-Business (B2B) approaches and presents significant opportunities for store owners. They announced their plans in the latest update, saving plenty of room for exploration into personalization. This resonates with the goals of Mirumee Software and our clients, with multi-market, advanced search, payment methods, shipping options and multiple sales channels being at stake. Noteworthy is that Zalando's vision remains focused on delivering the best possible shopping experience, which sets a promising tone for the future. #composablecommerce #headless #b2bsales #ecommerce

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