Recommerce is the follow of promoting used, refurbished, or overstocked merchandise. Recommerce (“reverse commerce”) may also help a enterprise construct stock circularity and supply a secondhand marketplace for prospects whereas enhancing sustainability and decreasing the carbon footprint.
Here’s a checklist of recommerce platforms and marketplaces for retailers. There are marketplaces to resell used and extra items and platforms to construct and combine resale websites, reverse logistics options, trade-in packages, and extra.
Recommerce Platforms and Marketplaces
Vestiaire Collective is a secondhand platform with a mission to remodel the style business for a extra sustainable future. Vestiarire says its market hosts over 12,000 manufacturers and 5 million dwell listings, with greater than 35,000 gadgets added day by day. Vestiaire has completely banned quick vogue manufacturers from the platform. There are not any promoting charges when itemizing the preferred manufacturers.
Vestiaire Collective
Depop, a subsidiary of Etsy, is a peer-to-peer market for secondhand and classic vogue. Customers can store and observe associates and influencers on traits and kinds. Worth negotiation is a characteristic of Depop with its “make supply” choice to streamline the method away from direct messaging. A possible purchaser submits a proposal, and a vendor has 24 hours to simply accept or decline. There isn’t a itemizing payment for sellers within the U.S. and U.Okay. Consumers pay a market payment on every buy.
RealReal, launched in 2011, is a market for authenticated luxurious resale and consignment. It has 13 retail places within the U.S. and an internet market with greater than 37 million members. RealReal authenticates and costs consigned gadgets; sellers can earn as much as 85% of the promoting value. The corporate has launched sustainability partnerships with luxurious manufacturers Stella McCartney, Burberry, and Gucci to help biodiversity and reforestation.
Arrive Recommerce provides a complete recommerce answer, together with a branded resale expertise, warehousing, seamless accomplice integrations, and accomplice help. Its mission is to assist manufacturers cut back waste and decrease environmental affect by changing returns and extra stock into worthwhile, fully-branded resale channels. It additionally provides operators choices for using its warehouse administration software program and integrating APIs at scale.
Walmart Market is increasing its vary of collectibles and pre-owned merchandise by introducing Resold at Walmart, a digital vacation spot for pre-owned gadgets. Within the Collector store, sellers can now allow preorders to construct buyer anticipation for drops, with pre-owned circumstances for collectibles.
Walmart Market
Goat, launched in 2015, is a well-liked market for brand spanking new and used premium sneakers and luxurious attire and equipment. The platform authenticates merchandise and verifies supply. Sellers full a verification course of (to stop faux accounts).
Grailed is a curated vogue market primarily for menswear. With assist from its neighborhood, Grailed ensures all gadgets are genuine. Each transaction by means of Grailed with PayPal is eligible for a full refund. Grailed has no itemizing payment and a 9% fee on gross sales. It’s owned by Goat Group, proprietor of the Goat market for premium sneakers.
Vinted is a Lithuania-based market for secondhand gadgets, primarily clothes and niknaks. {The marketplace} operates in 21 nations and has over 65 million registered customers. There are not any promoting charges; patrons pay a safety payment of three% to eight% of every buy.
Nok Recommerce is a round working system for reverse logistics and multichannel recommerce. Sellers can launch a branded D2C storefront and hyperlink to an current ecommerce retailer. Nok manages buildout, product achievement, and dynamic pricing optimization.
Nok Recommerce
Reboxed is a market for getting and promoting used tech gear. It just lately launched ReboxedOS for used shopper electronics. Reboxed is a circularity-as-a-service that permits companies to combine resale, trade-in, and recycling packages with out investing in infrastructure.
Reverse.provide supplies vogue manufacturers and marketplaces with a round retail answer or their very own merchandise. Utilizing its software program platform, manufacturers can combine a secondhand retailer and trade-in portal into current gross sales channels. Reverse.provide supplies technical and operational companies, akin to value administration, refurbishment, product knowledge creation, and achievement.
Rebag, based in 2014, is a market for getting, promoting, and buying and selling luxurious equipment, akin to purses, fantastic jewellery, watches, and small leather-based items. Sellers can consign, commerce, or settle for a buy-out on gadgets. All gadgets are vetted, and payout quantities are pre-approved. Fee charges begin at 8%.
ThredUp is a resale-as-a-service supplier that permits manufacturers to run clean-out packages and on-line resale outlets for shoppers. Manufacturers can supply prospects clean-out kits to show their gently used clothes and niknaks into an on-site purchasing credit score. ThredUp integrates with ecommerce websites so shoppers can simply store a model’s secondhand merchandise. ThredUp handles the processing, from inbound inspection and processing to single-SKU pricing and order achievement. Model companions embody Hole, J.Crew, Toms, and SoulCycle.
ThredUp
Fashionphile is a vendor of pre-owned luxurious purses and equipment and the unique recommerce accomplice of Neiman Marcus. To sellers, Fashionphile provides full buy-outs on almost each product, with rapid funds after the merchandise arrives and is authenticated. Fashionphile provides free transport and free returns. It additionally supplies a reserve luxurious layaway to purchase in installments.
Treet is a resale answer that helps manufacturers drive income and purchase prospects whereas minimizing the carbon footprint. Manufacturers can launch a tailor-made peer-to-peer or take-back resale expertise in lower than per week. Treet says it empowers resale for greater than 120 D2C manufacturers.
SnapWrite helps manufacturers and retailers create product content material from photos, offering a digital identification to allow resale. SnapWrite’s picture visualization expertise creates a proprietary database of processed gadgets, permitting resellers to hint beforehand owned and classic merchandise with authentic knowledge through a everlasting hyperlink.
Reflaunt is a concierge resale service for luxurious manufacturers and retailers. Retailers utilizing Reflaunt may also help prospects resell gadgets and drive repeat purchases with a branded resale service and an instant-reward take-back program.
Trove supplies branded resale at scale with companies that embody trade-in packages, built-in storefronts, true-to-brand commerce, reverse logistics, dynamic pricing, customer-management integration, customer-experience help and integration, and secondary market insights. Retailers can promote used and new gadgets collectively on their present ecommerce website. For Shopify-based sellers, Trove provides a quick-launching app to convey resale stock into the positioning expertise. Trove powers the resale websites for Lululemon, Patagonia, Levi’s, and Nordstrom.
Trove
Archive helps manufacturers launch custom-made resale packages to construct circularity into their enterprise fashions and management their secondhand market. Archive provides customized peer-to-peer storefronts, in-store and mail-in take-back packages, and model second-life packages for owned stock (i.e., samples, broken gadgets, returns). Archive additionally integrates with restore, upcycling, and recycling companions and nonprofits for clothes donations. Model companions embody The North Face, New Steadiness, Hanna Andersson, and Oscar de la Renta.
Poshmark is a social peer-to-peer market for brand spanking new and secondhand items for girls, males, children, pets, properties, and extra. {The marketplace} has greater than 130 million registered customers throughout the U.S. and Canada, with greater than 300 million gadgets bought, per Poshmark. For sellers, Poshmark options simple listings, digital purchasing events, PoshPost for pre-paid and pre-addressed transport labels, and Posh Defend for patrons. All orders of $500 or extra are eligible for Posh Authenticate. Poshmark additionally options Posh Exhibits, a live-streaming characteristic for social purchasing.
Mercari is a Japan-based ecommerce firm that owns the Mercari market app to purchase and promote new or used gadgets. Greater than 350,000 gadgets are added to Mercari day by day, the corporate says. Within the U.S., Mercari collaborates with USPS, UPS, and FedEx to let sellers print transport labels. Sellers may also use Mercari Native for close by supply. There isn’t a cost to sellers for itemizing or promoting an merchandise. Consumers are charged a cost processing payment.
Fb Market, launched in 2016, has turn into some of the well-liked websites for getting, promoting, and buying and selling gadgets regionally or distant. As a part of the Fb social community, Market patrons and sellers have profiles with rankings that make them extra reliable. Messaging is built-in on Fb, making communication simple. Eligible patrons on Fb obtain buy safety.
eBay is a market to attach patrons and sellers. Launched in 1995, eBay is now in additional than 190 markets globally, with 132 million lively patrons and roughly 2.1 billion dwell listings. eBay’s first sale was a pre-owned laser pointer — recommerce is central to the corporate’s sustainability objectives. eBay continues to spend money on recommerce applied sciences, together with authentication instruments and AI-based fraud detection. eBay Ventures has invested in Sideline Swap, a market for brand spanking new and used sports activities gear, and The Volte, a peer-to-peer platform for luxurious costume sharing.
eBay
