#RealReal Inc

[datastring]

Collectibles Market set to hit $713.1 billion by 2035, as per recent research by DataString Consulting

Higher trends within Collectibles applications including online auctioning, authentication services & grading, specialty retail stores and digital platforms & virtual collections; and other key wide areas like digital entertainment memorabilia and blockchain-based collectible assets are expected to push the market to $713.1 billion by 2035 from $374.5 billion of 2024.

The collectibles industry offers potential in the entertainment sector with a focus on gaming and movies. Some key players, like Hasbro and Mattel use collectibles to tap into the nostalgia associated with franchises. They transform experiences into cherished memories through these unique items. In the world of digital collectibles lies a groundbreaking use case, in the realm of cryptocurrency known as non fungible tokens (NFTs). Take Dapper Labs and their creation CryptoKitties for example. This innovative platform allows digital collectors to possess and trade irreplaceable digital assets. By infusing scarcity into the expanse of the internet space

Detailed Analysis - https://datastringconsulting.com/industry-analysis/collectibles-market-research-report

The move to digitization is making an impact on the collectibles market these days! Collectors are now discovering rare and one of a kind items more than ever before—showcasing how e commerce has become a key player in this industrys landscape. Not that but traditional collectible stores are also shifting towards the digital realm to connect with a wider global audience. Being able to organize and showcase collectibles has really opened doors for collectors and investors who may not have had this opportunity before—leading to a noticeable increase, in demand and value.

Industry Leadership and Strategies

The Collectibles market within top 3 demand hubs including U.S., UK and Japan, is characterized by intense competition, with a number of leading players such as Heritage Auctions, Christie's, Sotheby's, Bonhams, eBay Inc, Grailed Inc, Ruby Lane Inc, StockX LLC, Catawiki, The RealReal Inc, Paddle8 and Trade Me Limited. Below table summarize the strategies employed by these players within the eco-system.

LeadingProviders

Provider Strategies

eBay, Heritage Auctions

eBay primarily focuses on providing a wide variety of collectibles across different categories to appeal to a diverse customer base, while Heritage Auctions specializes in high-end collectibles and leverages expert authentication and grading services to attract serious collectors

Professional Sports Authenticator (PSA), Beckett Grading Services

PSA uses a 10-point grading scale for collectibles like sport cards and autographs to signify quality and value, while Beckett Grading Services provides a detailed report card analysis along with grades which adds another layer of trust for collectors

Funko, American Girl

American Girl offers customizable collectible dolls and historical characters to create engagement and loyalty, while Funko offers pop culture-themed collectibles and collaborates with popular brands and franchises to reach a broader audience

CryptoKitties, NBA Top Shot

CryptoKitties uses blockchain technology for digital collectibles, providing proof of ownership and scarcity, whereas NBA Top Shot sells licensed digital collectibles highlighting unforgettable

This market is expected to expand substantially between 2025 and 2030, supported by market drivers such as celebrity-inspired consumption, technological advancements in blockchain, and marvelous boom of pop culture.

Regional Analysis

This area is well known for its collection of items and has a lively and competitive market scene with major auction houses and online trading platforms playing a significant role alongside trade shows that contribute to market trends. Despite the competition from both established and new players alike within this industry sector there are chances to capitalize on trends related to current popular culture as well as rare historical artifacts. Taking advantage of the rise of e commerce platforms and the growing appeal of collectibles could potentially lead to increased profits, for businesses operating within this sector.

Research Study analyse the global Collectibles market in detail and covers industry insights & opportunities at Product Type (Antiques, Art works), Target Audience (Individual Collectors, Institutional Collectors) and Distribution Channel (Online, Offline) for more than 20 countries.

About DataString Consulting

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.

[priyanshisingh]

Second-Hand Apparel Market Projections: Global Industry Analysis and Forecast (2023-2032)

The US Second-hand Apparel Market is projected to grow significantly, expanding from USD 19,178.72 million in 2023 to an estimated USD 50,695.56 million by 2032, with a compound annual growth rate (CAGR) of 11.33% from 2024 to 2032.

The second-hand apparel market has experienced significant growth globally, driven by increasing consumer awareness of sustainability and the environmental impact of fast fashion. This market is characterized by a diverse range of products, including vintage clothing, luxury second-hand items, and everyday casual wear, catering to a wide array of consumer preferences. E-commerce platforms and mobile apps have revolutionized the buying and selling process, making it easier for consumers to access a vast selection of pre-owned fashion items. Additionally, social media influencers and celebrities endorsing second-hand shopping have contributed to its growing popularity. As consumers become more eco-conscious, the second-hand apparel market is expected to continue expanding, offering both economic and environmental benefits by promoting the reuse and recycling of clothing.

The second-hand apparel market is evolving rapidly, driven by several innovative trends that are reshaping the industry. Key trends include:

Digital Platforms and Mobile Apps

Online Marketplaces: Platforms like ThredUp, Poshmark, and Depop have made buying and selling second-hand clothes easier, reaching a broader audience through user-friendly apps and websites.

Artificial Intelligence and Machine Learning: These technologies are being used to enhance the shopping experience with personalized recommendations and efficient inventory management.

Sustainable Fashion Initiatives

Circular Fashion: Brands are increasingly adopting circular fashion principles, encouraging the return, resale, and recycling of used clothing. Companies like H&M and Patagonia have launched initiatives to buy back old garments and resell them.

Eco-friendly Packaging: To align with sustainability goals, many second-hand retailers are using biodegradable and recyclable packaging materials.

Collaborative Consumption

Clothing Rental Services: Platforms such as Rent the Runway and Le Tote offer clothing rental services, allowing customers to wear high-quality garments without the long-term commitment, promoting a sustainable alternative to fast fashion.

Swapping Events and Pop-Up Stores: Community-driven events where people can swap clothes or buy second-hand items are gaining popularity, often supported by local influencers and fashion bloggers.

Enhanced Authentication and Quality Control

Luxury Authentication: To build trust among consumers, especially for high-end items, companies are employing rigorous authentication processes to verify the authenticity of luxury goods.

Quality Assurance: Enhanced quality control measures ensure that second-hand items meet certain standards before being sold, improving customer satisfaction.

Integration with Social Media

Influencer Marketing: Influencers and celebrities are partnering with second-hand platforms to promote sustainable fashion, driving traffic and credibility to these marketplaces.

Social Commerce: Direct selling through social media platforms like Instagram and Facebook allows sellers to reach their target audience more effectively and engage with them in real-time.

Technological Advancements

Virtual Try-Ons: Augmented reality (AR) technology enables customers to virtually try on clothes, reducing the uncertainty associated with purchasing second-hand items online.

Blockchain for Transparency: Some companies are exploring blockchain technology to enhance transparency and traceability in the supply chain, assuring customers of the provenance and authenticity of second-hand apparel.

Key players

ThredUp Inc.

Poshmark

The RealReal

Depop

Goodwill Industries

Salvation Army

Tradesy

Vestiaire Collective

Grailed

Mercari

More About Report- https://www.credenceresearch.com/report/united-states-second-hand-apparel-market

The second-hand apparel market is becoming increasingly competitive as both established companies and new entrants vie for market share. Here is a competitive analysis highlighting the key players, market dynamics, and strategic initiatives shaping the industry:

Market Dynamics

Growing Consumer Demand: Increasing awareness of environmental sustainability and the desire for unique, affordable fashion are driving consumer demand for second-hand apparel.

Technology Integration: Companies are investing in AI, machine learning, and augmented reality to enhance the shopping experience, improve inventory management, and offer personalized recommendations.

Omni-channel Presence: Many second-hand apparel companies are expanding their presence both online and offline, with pop-up stores, collaborations with brick-and-mortar retailers, and innovative marketing campaigns.

Strategic Initiatives

Sustainability and Ethical Practices: Leading companies are emphasizing their commitment to sustainability by adopting eco-friendly practices, such as using biodegradable packaging and promoting circular fashion models.

Partnerships and Collaborations: Strategic partnerships with influencers, celebrities, and other brands help companies reach new audiences and enhance their market positioning. For example, ThredUp has partnered with various fashion influencers to boost brand visibility.

Expansion and Diversification: Companies are expanding their product offerings and entering new markets to capture a broader customer base. This includes introducing new categories like kids' clothing, accessories, and home goods.

Customer Engagement and Loyalty Programs: Enhancing customer engagement through loyalty programs, referral bonuses, and personalized shopping experiences helps retain customers and build brand loyalty.

Competitive Landscape

Highly Fragmented Market: The second-hand apparel market is highly fragmented, with numerous small and medium-sized players competing alongside large, established platforms.

Price Sensitivity: Price remains a critical factor for consumers in the second-hand market. Companies compete on price by offering discounts, deals, and value-added services.

Quality Assurance: Ensuring the quality and authenticity of second-hand items is crucial. Companies with stringent quality control and authentication processes, like The RealReal, have a competitive advantage.

Segments

Based on Product

Dresses and Tops

Shirts and T-shirts

Sweaters, Coats, and Jackets

Jeans and Pants

Other

Based on Sector

Resale

Traditional Thrift Stores & Donations

Based on Target Population

Men

Women

Kids

Browse the full report –  https://www.credenceresearch.com/report/united-states-second-hand-apparel-market

Browse Our Blog: https://www.linkedin.com/pulse/second-hand-apparel-market-insights-comprehensive-u4dwc

Contact Us:

Phone: +91 6232 49 3207

Email: sales@credenceresearch.com

Website: https://www.credenceresearch.com

[aishavass]

"Purchasing this global Used Luxury Goods Selling Service market study may give customers insightful

[galvenporter]

The RealReal Inc. (REAL) gains on takeover speculation - StreetInsider

(NASDAQ: REAL) gained modestly in early trading Tuesday on speculation from Puck that private equity firms are circling the company. "Private equity ...

[reportwire]

Target tiptoes back into resale with new ThredUp deal

Target tiptoes back into resale with new ThredUp deal

Target ThredUp website Source: Target Target is tiptoeing back into secondhand sales through a deal with resale company, ThredUp. The big-box retailer confirmed Friday that it launched a page on ThredUp’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s private labels, such as kids’ clothing brand Cat & Jack, or its…

[customdesignnnn]

Teens are spending on Nike and Lululemon despite worries about the US economy

Teens are spending on Nike and Lululemon despite worries about the US economy

Sportswear on display at a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and changing their buying habits, even as they worry about growing economic uncertainty, according to a new survey. Sportswear brands such as lululemon and Nike that combine comfort and fashion trump traditional clothing brands, reveals Piper Sandler’s semi-annual “Taking Stock…

[b360news]

Teen spending takes a dive as coronavirus fuels economic fears Shoppers look over merchandise at an American Eagle Outfitters Inc. store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images…

[mrhfz90]

Teen spending takes a dive: Guys splurge on footwear, while a natural look for girls hurts makeup sales

[ad_1]

Shoppers look over merchandise at an American Eagle Outfitters Inc. store in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Today’s teens are worried about the economy and the coronavirus pandemic, just like many of the rest of us. Though the sustainability-minded generation still puts the environment first among their top concerns, a new survey finds. 

Wh…

[oddepia]

Lena Dunham Cleans Her Closet, for a Cause

Lena Dunham Cleans Her Closet, for a Cause

The “Girls” star is offering everything from Golden Globes gowns to T-shirts for sale online, with proceeds going to Planned Parenthood. Read entire story.

Source: NYT > Arts

[rnewspost]

The RealReal, Inc. to reduce workforce by 7% in cost reduction plan By Investing.com

© Reuters. The RealReal Inc. (REAL) to reduce workforce by 7% in cost reduction plan By Sam Boughedda  The RealReal, Inc. (NASDAQ:) will lay off approximately 230 employees representing around 7% of its workforce, the company said in a filing. The workforce reduction is part of the luxury reseller’s plan to reduce operating expenses. RealReal will also reduce its real estate presence by closing…

[reportwire]

Teens spend on Nike and Lululemon despite concerns about U.S. economy

Teens spend on Nike and Lululemon despite concerns about U.S. economy

Athletic apparel sits on display inside a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and shifting their shopping habits, even as they worry about growing economic uncertainty, according to a new survey. Athletic apparel brands such as Lululemon and Nike that combine comfort and fashion are winning out over traditional clothing labels, Piper…

[gjupdates]

The RealReal, Inc. to reduce workforce by 7% in cost reduction plan

[ad_1] © Reuters. The RealReal Inc. (REAL) to reduce workforce by 7% in cost reduction plan By Sam Boughedda  The RealReal, Inc. (NASDAQ:) will lay off approximately 230 employees representing around 7% of its workforce, the company said in a filing. The workforce reduction is part of the luxury reseller’s plan to reduce operating expenses. RealReal will also reduce its real estate presence by…

[moneygigs]

The RealReal, Inc. to reduce workforce by 7% in cost reduction plan

© Reuters. The RealReal Inc. (REAL) to reduce workforce by 7% in cost reduction plan By Sam Boughedda  The RealReal, Inc. (NASDAQ:) will lay off approximately 230 employees representing around 7% of its workforce, the company said in a filing. The workforce reduction is part of the luxury reseller’s plan to reduce operating expenses. RealReal will also reduce its real estate presence by closing…

[ifashiontrend1]

奢侈品報告 二手珠寶保值高

美國二手奢侈品電商龍頭企業 The RealReal Inc.發布二手奢侈品年度報告《2023 Luxury Consignment Report》，過去六個月的奢侈品轉售概況，呈現宏觀經濟不確定性所導致的客戶購物行為轉變，並拆分了不同世代消費者的購物行為。 View this post on Instagram A post shared by therealreal (@therealreal) 報告數據基於The RealReal 的3000萬會員和2800多萬件成交二手商品。 The RealReal 聯合首席執行官兼總裁Rati Sahi…

[petnews2day]

Raymond James Downgrades RealReal Citing Lower Visibility

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/raymond-james-downgrades-realreal-citing-lower-visibility/

Raymond James Downgrades RealReal Citing Lower Visibility

Raymond James analyst Rick B. Patel has downgraded RealReal Inc (NASDAQ: REAL) to Market Perform from Outperform.

The analyst said RealReal missed Q3 estimates for GMV, revenue and EBITDA%.

With the environment becoming more challenging, the company is implementing changes to its consignment model to create a stronger foundation as it works towards breakeven profitability.

While its rationale is logical, it also creates uncertainty that makes it difficult to have confidence on fundamentals over the next few quarters, Patel specified.

He added that the downgrade reflects lower visibility on buyer growth and supply availability stemming from strategic changes being implemented, slowing GMV growth and potential risk from more cautious buyers.

The analyst thinks RealReal’s four new initiatives, including overhauling the commission structure, cost-cutting, including headcount reduction in early Q4, optimization of pricing, and turning on new revenue streams, will help the company in the long run.

The analyst is concerned about the Q4 GMV guidance below Street view as demand softens.

Price Action: REAL shares are trading lower by 4.49% at $1.17 on the last check Wednesday.

Photo Via Company

Latest Ratings for REAL

Date

Firm

Action

From

To

Feb 2022

Credit Suisse

Maintains

Outperform

Feb 2022

Morgan Stanley

Maintains

Equal-Weight

Feb 2022

Raymond James

Maintains

Outperform

View More Analyst Ratings for REAL

View the Latest Analyst Ratings

See more from Benzinga

Don’t miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[newshubnaija]

‘Dash for trash’ fuels big bounce for money-losing growth stocks

‘Dash for trash’ fuels big bounce for money-losing growth stocks

Asana Inc., an unprofitable software maker, was among this week’s winners. The San Francisco-based company’s shares jumped 27%. Electric pickup-truck maker Lordstown Motors Corp. gained 30%, while RealReal Inc., which operates a luxury goods consignment marketplace, rose 31%.