Deep Dive 17 minutes PremiumApparel Resale Goes Mainstream Coresight Research July 24, 2019 Executive SummaryRecommerce and thrift shopping are going mainstream as consumers increasingly seek out value (both economic and ethics-based), clothing that expresses individuality and that is Instagrammable. Consumers are on both sides of the transaction, donating and consigning as well as purchasing. The desire to simplify and de-clutter is contributing to these forms of commerce. To reduce the environmental impact of fast fashion on the globe, many consumers are opting for circularity and reduced waste. This eco-mindfulness leads to consumers feeling good about their purchase decisions. Sustainable fashion, ethically produced, designed and ultimately repaired and/or resold is changing the purchase consideration set. Buy better (quality), keep longer and put back into circulation via consigning or donating for others to use. Product lifetime value can increase. Rcommerce is providing consumers the choice of lightly used authenticated designer merchandise at about 80% off the retail full price, attracting first-time luxury shoppers. In tandem with the success of off-price retailers, recommerce is growing more rapidly than retail overall as consumers seek sharp pricing and a treasure hunt experience. This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: March 2023 US Housing Market Indicators: All Home Sales See a Sudden Monthly RiseFive Key Strategies for CPG Companies to Tackle Inflation and Changing Consumer Behavior in 2023ChatGPT and Generative AI: Five Things Retailers Should KnowDollar Stores Thrive Amid Economic Concerns: US Consumer Survey Insights 2023, Week 46