Appeal to other consumers who are looking to sell items for extra cash, sell merchandise . That is immune from the tariffs, and raise prices because sellers of new imported goods . Will have to do the same, according to the report. In addition, this sector usually . Does well during economic downturns and has been appealing to younger consumers in any case.At .
Same Time Some Analysts Said Secondhand
The same time, some analysts said secondhand sellers could face inventory challenges if consumers hold . On to their existing items, and could see consumers buying fewer goods of any kind . Amid economic uncertainty, per the report.Thredup in wanting to buy apple said in march, before the tariffs were announced, that . It expected revenue in the range of $ million to $ million in the first . Quarter and between $ million and $ million for the year, pymnts reported at the .
The Uncertain Consumer Environment and the
Time.“given the uncertain consumer environment and the impact tariffs might have, secondhand could become an . Attractive option,” thredup ceo and to build brand awareness co-founder james reinhart said march during the company’s quarterly earnings . Call.Savers value village, whose canadian stores account for more than one-third of the company’s revenue, . Was less bullish on the effects of tariffs, according to the ft report.The company’s ceo, .
Walsh Said During a February Earnings
Mark walsh, said during a february earnings call, per the report, that “the tariff issue . Certainly clouds the picture.”before there was talk of tariffs, consumers fax database were turning to secondhand shopping . Options to manage their budgets amid inflation, according to the january pymnts intelligence report, “consumers . Shop secondhand stores as often as other retail.”the report found that millennials were leading the .
With % of the Millennials Who
Way, with % of the millennials who bought secondhand products during the previous year saying . They had increased their resale shopping.Recommendedinvestors expect secondhand stores to profit as tariffs challenge retailerssocial . Security administrationjudge grants preliminary injunction blocking doge from social security datareport: new valuation push for . Elon musk’s xaiuberftc lawsuit targets uber’s subscription service, alleging deceptive practicessee more in: donald trump, . James reinhart, mark walsh, news, pymnts news, recommerce, retail, saver value village, secondhand retail, tariffs, .