Recommerce is the follow of promoting used, refurbished, or overstocked merchandise. Recommerce (“reverse commerce”) may help a enterprise construct stock circularity and supply a secondhand marketplace for clients 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 trade for a extra sustainable future. Vestiarire says its market hosts over 12,000 manufacturers and 5 million dwell listings, with greater than 35,000 objects added day by day. Vestiaire has completely banned quick style 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 style. Customers can store and observe pals and influencers on tendencies and kinds. Value negotiation is a characteristic of Depop with its “make supply” choice to streamline the method away from direct messaging. A possible purchaser submits a suggestion, and a vendor has 24 hours to simply accept or decline. There isn’t any itemizing charge for sellers within the U.S. and U.Okay. Consumers pay a market charge on every buy.
RealReal, launched in 2011, is a market for authenticated luxurious resale and consignment. It has 13 retail areas within the U.S. and an internet market with greater than 37 million members. RealReal authenticates and costs consigned objects; sellers can earn as much as 85% of the promoting worth. The corporate has launched sustainability partnerships with luxurious manufacturers Stella McCartney, Burberry, and Gucci to help biodiversity and reforestation.
Arrive Recommerce gives a complete recommerce resolution, together with a branded resale expertise, warehousing, seamless companion integrations, and companion help. Its mission is to assist manufacturers scale back waste and decrease environmental influence by changing returns and extra stock into worthwhile, fully-branded resale channels. It additionally gives 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 objects. 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 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 pretend accounts).
Grailed is a curated style market primarily for menswear. With assist from its neighborhood, Grailed ensures all objects are genuine. Each transaction by way of Grailed with PayPal is eligible for a full refund. Grailed has no itemizing charge 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 objects, primarily clothes and accessories. {The marketplace} operates in 21 nations and has over 65 million registered customers. There are not any promoting charges; consumers pay a safety charge 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 present ecommerce retailer. Nok manages buildout, product success, and dynamic pricing optimization.
Nok Recommerce
Reboxed is a market for getting and promoting used tech gear. It just lately launched ReboxedOS for used client electronics. Reboxed is a circularity-as-a-service that enables companies to combine resale, trade-in, and recycling packages with out investing in infrastructure.
Reverse.provide offers style manufacturers and marketplaces with a round retail resolution or their very own merchandise. Utilizing its software program platform, manufacturers can combine a secondhand retailer and trade-in portal into present gross sales channels. Reverse.provide offers technical and operational providers, akin to worth administration, refurbishment, product knowledge creation, and success.
Rebag, based in 2014, is a market for getting, promoting, and buying and selling luxurious equipment, akin to purses, superb jewellery, watches, and small leather-based items. Sellers can consign, commerce, or settle for a buy-out on objects. All objects 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 clients clean-out kits to show their gently used clothes and accessories into an on-site buying 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 success. Model companions embrace Hole, J.Crew, Toms, and SoulCycle.
ThredUp
Fashionphile is a vendor of pre-owned luxurious purses and equipment and the unique recommerce companion of Neiman Marcus. To sellers, Fashionphile gives full buy-outs on practically each product, with rapid funds after the merchandise arrives and is authenticated. Fashionphile gives free transport and free returns. It additionally offers a reserve luxurious layaway to purchase in installments.
Treet is a resale resolution that helps manufacturers drive income and purchase clients whereas minimizing the carbon footprint. Manufacturers can launch a tailor-made peer-to-peer or take-back resale expertise in lower than every week. Treet says it empowers resale for greater than 120 D2C manufacturers.
SnapWrite helps manufacturers and retailers create product content material from pictures, offering a digital id to allow resale. SnapWrite’s picture visualization expertise creates a proprietary database of processed objects, 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 help clients resell objects and drive repeat purchases with a branded resale service and an instant-reward take-back program.
Trove offers branded resale at scale with providers that embrace 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 objects collectively on their present ecommerce website. For Shopify-based sellers, Trove gives a quick-launching app to deliver resale stock into the location 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 gives 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 objects, returns). Archive additionally integrates with restore, upcycling, and recycling companions and nonprofits for clothes donations. Model companions embrace The North Face, New Stability, Hanna Andersson, and Oscar de la Renta.
Poshmark is a social peer-to-peer market for brand new and secondhand items for girls, males, youngsters, pets, properties, and extra. {The marketplace} has greater than 130 million registered customers throughout the U.S. and Canada, with greater than 300 million objects bought, per Poshmark. For sellers, Poshmark options straightforward listings, digital buying events, PoshPost for pre-paid and pre-addressed transport labels, and Posh Defend for consumers. All orders of $500 or extra are eligible for Posh Authenticate. Poshmark additionally options Posh Exhibits, a live-streaming characteristic for social buying.
Mercari is a Japan-based ecommerce firm that owns the Mercari market app to purchase and promote new or used objects. Greater than 350,000 objects 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 use Mercari Native for close by supply. There isn’t any cost to sellers for itemizing or promoting an merchandise. Consumers are charged a cost processing charge.
Fb Market, launched in 2016, has turn out to be probably the most fashionable websites for getting, promoting, and buying and selling objects regionally or far-off. As a part of the Fb social community, Market consumers and sellers have profiles with scores that make them extra reliable. Messaging is built-in on Fb, making communication straightforward. Eligible consumers on Fb obtain buy safety.
eBay is a market to attach consumers and sellers. Launched in 1995, eBay is now in additional than 190 markets globally, with 132 million energetic consumers 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 new and used sports activities tools, and The Volte, a peer-to-peer platform for luxurious gown sharing.
eBay
