Resale retail is thriving now. The National Association of Resale & Thrift Shops reports that 63% of respondents to their membership survey said 1st quarter 2009 sales were better than 1st quarter 2008 sales, with an average increase of almost one-third. Two areas of especially strong growth in resale retail are in clothing for teens and in furniture.
Resale retail has three things going for it in a down economy:
- The merchandise is priced lower than brand new equivalents.
- Shoppers can reduce their output of money by trading in used belongings when making a purchase.
- The whole notion of resale feels like we're going recycle green, and research says that the stress for economically strapped consumers eases when they feel they're doing something noble.
And you are a professional retailer, aren’t you?