close
close

Online resale platforms court high-net-worth consumers, turn to AI as growth slows

Posted on by darion

Company logo

Company logo

E-commerce resale

E-commerce resaleE-commerce resale

E-commerce resale

Dublin, July 10, 2024 (GLOBE NEWSWIRE) — The report “US Resale 2024: Online Resale Platforms Seek High-Income Customers, Turn to AI as Growth Slows” has been added to Research & Marketing.com offering.

Updated U.S. resale forecasts reflect a slowdown in the e-commerce-dominated market as more attention is paid to the costs of selling unique items online.

The e-commerce-dominated resale market is facing a slowdown as platforms grapple with the rising costs of selling unique items online. Major online resale platforms are responding by adjusting strategies to maximize order value and investing in technology to improve operational efficiency.

Key question: How can online resale platforms respond to weaker demand for used goods?

Key stats: Online resale revenue will exceed $80 billion in 2024, but this is more than $8 billion less than previous forecasts.

Here’s what you’ll find in the full report

  • 2 Ability to export files for easy reading, analysis and sharing.

  • 7 charts: Reliable data in a simple form for presentation and quick decision-making.

Main topics:

  • summary

  • Falling demand will impact re-trade trajectory

  • Major Online Resale Platforms Are Changing Their Strategic Focus

  • AI technology has the potential to revolutionize online resale

  • What can retailers learn from the growing resale industry?

  • Sources

  • Multimedia gallery

Charts

  • E-commerce resale sales to resume growth in 2024, but at a slower pace than previously expected ($billions in U.S. e-commerce resale volume and percentage change from current 2023-2027 forecast)

  • Online retailers grapple with slowdown in active buyer growth

  • Online fashion sales will grow at an accelerated pace and will constitute a larger share of online sales (billions of dollars in sales on U.S. online fashion resale platforms, percentage change and percentage of total e-commerce resale sales, 2023-2027)

  • Online fashion sales will increasingly rely on increased spend per shopper to drive growth (percentage change in US online fashion resale platform shoppers vs. online fashion resale platform sales per shopper, 2023–2027)

  • The RealReal’s shift in focus toward prioritizing higher-priced items has effectively increased order value (The RealReal’s global average order value, Q1 2022–Q4 2023)

  • Cost Optimization Strategies for 2024 According to US Retail CFOs, October 2023 (% of respondents)

  • 4 Ways Technology Will Impact Resale

For more information on this report, please visit https://www.researchandmarkets.com/r/irsld9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900