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July 31, 2018

Millennials’ use of resale sites threatens mainstream retailers

The majority of millennials are browsing resale websites for clothing, according to a GlobalData survey, posing an additional threat to mainstream retailers, many of which are struggling to maintain destination appeal in the challenging retail environment.

By GlobalData Retail

The majority of millennials are browsing resale websites for clothing, according to a GlobalData survey, posing an additional threat to mainstream retailers, many of which are struggling to maintain destination appeal in the challenging retail environment.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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The negative connotations previously associated with second-hand clothing are fading rapidly with resale retailers offering a seamless, social media focused experience, driving shopper appeal. The appetite is higher among younger shoppers with 53.1% of 25-34-year-olds using resale platforms, with this number increasing by 5.8 percentage points for those aged 16-24, perhaps unsurprising given the resale retailers’ ability to meet consumer desire for fashionability and value for money.

As many retail heavyweights are failing to satisfy clothing & footwear shoppers the opportunity grows for sites such as Depop and Collector Square to capture the attention of consumers. These sites offer consistent newness and the ability to easily search a variety of brands, both high street and luxury, at discounted prices.

Shoppers have become increasingly mindful about the environmental impact of the fashion industry, therefore retailers must do more to show they are giving consumers ‘guilt-free’ fashion options while making a purchase.  The recent consumer outcry following news that luxury player Burberry destroyed over £28m of clothes and perfume last year and the rise of high street retailers such as H&M and Zara launching sustainably-sourced ranges, shows that shoppers and retailers are becoming more conscious about cutting waste.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.