Thrift shopping Millennials are redefining retail, and it could be hurting H&M and Forever 21. Young shoppers are turning to apps like Thredup, Poshmark, and Depop to resell their retail and buy used pieces—getting luxury pieces at a lower price. The $20 billion resale market has outperformed the overall retail market in the past five years according to IBISWorld. H&M and Forever 21 are feeling the loss of that market share, with the former reporting slowing sales and the latter reportedly “struggling to pay the bills.” (Insider)
Reports and Webinars are limited to the Region terms of your Pro and Prime subscription, as shown in “Purchased Regions”.
- To filter all content types to individual Region(s) you have purchased, apply your Region(s) under “Purchased Regions.”
Articles, Video Updates, and News across all Regions are open to all Pro and Prime subscribers.
- To see this content for any Region, use the “Content Filter”.
