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Revamped Consignment

The concept of second-hand designer shops is reinvented for modern consumers

Implications - Considering the Millennial's propensity for eco-consciousness and luxury goods, consignment shopping is a natural fit for their interests. As a result, this style of retail is being revisited and revamped. From digital drop-off consignment to designer-controlled consignment, tweaks to this space show an evolution that takes the Millennial appeal even further.
Workshop Question - What is one movement within your industry that you could own, and how?
Trend Themes
1. Convenience Consignment - Digital drop-offs, at-home pickups and appraisals, and exchange initiatives are all examples of consignment shopping being made more convenient for consumers.
2. Designer Focus - Consignment shops partnering with luxury labels, designer-endorsed resales, and high-end marketplaces are all showcasing a focus on designer clothing as a key area of sales growth.
3. Experiential Shopping - Experiential consignment shops, P2P clothing store openings, and luxury resell sites are all examples of consignment shopping being reinvented to offer a unique and interactive retail experience.
Industry Implications
1. Retail - From brick-and-mortar experiential consignment shops to online marketplaces, the retail industry is evolving to cater to consumers' growing interest in second-hand shopping.
2. Luxury - The rise of designer-endorsed resales, high-end marketplaces, and luxury consignment shops are all disrupting the luxury industry and providing new revenue streams for brands.
3. Sustainability - Convenience consignment options, exchange initiatives, and P2P clothing store openings are all promoting sustainable shopping practices and encouraging consumers to buy and sell second-hand clothing.
4.6
Score
Popularity
Activity
Freshness
Patterns
Megatrends
7 Featured, 58 Examples:
210,359 Total Clicks
Date Range:
Mar 16 — Jan 19
Trending:
Warm
Consumer Insight Topics:

Featured Examples

Consignment Jewelry Marketplaces
Consignment Jewelry Marketplaces
'Gleem & Co.' is a Place to Buy and Insure One-of-a-Kind Pieces
Gleem & Co. is the name of a new online marketplace for consignment jewelry and high-end watches. On the site, users are able to buy and sell a range of precious accessory items, from $300... MORE
Luxury Resale Sites
Luxury Resale Sites
Rebagg is an Online Second Market for Luxury Goods
For those on the bleeding edge of luxury fashion, items tend to be highly seasonal, but Rebagg is an online marketplace that benefits those who don’t mind being a season or two behind. The... MORE
Designer-Endorsed Consignment
Designer-Endorsed Consignment
Stella McCartney and The RealReal are Selling Designer Labels
Waste within the fashion industry has a massive impact on the environment, prompting consumers to turn to secondhand and consignment shops in order to purchase more consciously—in light of this,... MORE
Second-Hand Clothing Initiatives
Second-Hand Clothing Initiatives
The New Macy’s Promotion Allows Customers to Exchange Old Clothes
Macy’s recently teamed up with the online consignment service thredUP to give customers the opportunity to exchange old clothing and shoes for gift cards. Following in the footsteps of retailers... MORE
Experiential Consignment Shops
Experiential Consignment Shops
'The Real Real' is a Place to Resell a Variety of Luxury Goods
‘The Real Real’ is a luxury consignment marketplace that recently opened a store in New York City’s prime SoHo shopping neighborhood, offering a brick-and-mortar place for... MORE
P2P Clothing Store Openings
P2P Clothing Store Openings
Depop's L.A-based Store is the Brand's First Brick-and-Mortar Effort
Depop’s L.A-based store marks the first brick-and-mortar effort from the peer-to-peer clothing app. Depop’s first-ever store is hard to miss as its been stamped with the brand’s... MORE
Pick-Up Fashion Consignments
Pick-Up Fashion Consignments
My Modern Closet Collects Garments from Consumers for Easy Cash Swaps
My Modern Met is a Vancouver-based fashion consignment platform that simplifies the process of donating clothing and receiving pay compensation by offering a pick-up service and immediate pay. This... MORE

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