Secondhand sales are not disrupted by supply chain woes
November 29, 2021
Companies engaged in selling secondhand goods have a strong message at this point in time. Pricing remains a value in an inflationary period and inventory remains solid despite the supply chain disruptions affecting sellers of new goods. “While many retailers have been forced to raise prices due to inflation or supply chain pressure, we do not have the same level of exposure,” James Reinhart, CEO of ThredUp, said on the company’s third quarter earnings call. “We have chosen to strategically lower prices in order to engage as many customers as possible during a time when consumers are feeling price pressure in many other parts of their life.”
Recent News
Tesla Lays Off Over 10% of Workforce
Tesla announced significant layoffs on Sunday night, affecting over 10% of its global workforce. Some employees discovered they were laid off when their badges failed to grant them access to company facilities.
Rising Inflation Concerns Rattle Markets and Policymakers
Inflation is on the rise, catching many by surprise as prices climb stubbornly higher. Markets, investors, and economists alike are grappling with the unexpected inflation pressures that have marked the start of 2024.
Mercedes-Benz Unveils Upgraded 2025 EQS Electric Sedan
Mercedes-Benz has announced significant upgrades to its EQS electric sedan for the 2025 model year.
Momofuko Will No Longer Enforce Chile Crunch Trademark After Small Business Blowback
The restauranteur has backed down from enforcing his Chile Crunch trademark.