Do you understand recommerce (secondhand)?
First, I never sell or buy secondhand. I wear my clothes until it falls apart, which in part is embarrassing according to my wife and kids.
DHL Sweden did some great research in Sweden on the subject and asked who buy/sell on the recommerce platforms, and what do they sell/buy.
Not surprisingly the Gen Z used the platform to save / make money, after all they are still studying etc.
Also not surprisingly, parents with (fast growing) kids use the platform a lot. Money is the main driver. When we had small kids, we did the same, not online, but at special parents’ #secondhand markets in our community.
One idea is to limit the so-called fast fashion, by selling the used #apparel to other consumers who cannot / will not pay the full price for fast fashion and of course to make the consumers feel better, as they do not throw away as much as before. It does look as if sustainability may be a driver for some, but the Swedish study shows that money is the main driver for the heavy users.
The decision of Vestiaire Collective (VC) to ban H&M and ZARA SA, and some 30 other brands, confuses me.
I would have expected that #recommerce would hit companies like H&M and Zara hard, as their sales would suffer because of re-commerce. It my opinion the ban will only force the consumers to use re-commerce platforms which do not ban the brands. It will not stop the consumers from buying fast fashion, in fact I believe this could lessen the positive impact re-commerce could have / is having.
VCs argumentation is understood, but why base your business on products which are not in the category of fast fashion? That is a contradiction IMHO. If one buys #sustainable, durable apparel, there will be little to no secondhand market, or?
It would be interesting to get some data from Vinted on what is traded on their platform. The Swedish report is very clear on what parents buy and sell, but what are the products (brands) the Gen Z exchanges on the re-commerce platforms? I would suggest this to be mainly the fast fashion brands. (Or maybe from eBay?)
From a sustainability point of view, I also have a hard time understanding why Vinted are putting up their non-agnostic parcel lockers across Europe. Wouldn’t it be more sustainable to use all the lockers from the carriers and the agnostic public locker operators like YEEP! Lockers!, Quadient, myflexbox etc.? InPost benefitted a lot from the Vinted boom in the UK, and more lockers in a market will just increase the war for locker locations and force consumers to cruise from locker to locker.
#circulareconomy #ecommerce #lastmile #parcellockers #dhl #amazon #fastfashion #dpd #gls #ups #fedex #bpost #postnord #postnl
Founder & CEO at The Folklore
1w*adds everything to cart*