Second-Hand Goods Becoming Big Business for Major Retailers
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed A.J. Hernandez, CEO of SkyPostal, Inc.
Second-hand merchandise, once the province of thrift shops and tiny specialty stores, is rapidly becoming a major factor in today’s retail industry. In a recent poll, 70% of women said they have bought or are open to buying used clothing. Meanwhile, a herd of major retailers—among them Nordstrom, Macy’s, Eileen Fisher, Walmart, and Patagonia—are either selling lightly used clothing or making plans to do so. The used-clothing boom, notes A.J. Hernandez, CEO of international shipping company SkyPostal, Inc., is driven by the liberal returns policies typical of ecommerce, which now accounts for 16.1% of all U.S. retail sales.
LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE:
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