Second-hand e-commerce layout offline entity! Mercari will launch its first pop-up store

It is learned that according to foreign media reports, second-hand e-commerce platform Mercari recently announced that it will launch its first experiential pop-up store before the New Year. More and more online resale retailers are beginning to expand their offline businesses.

The new pop-up store will reportedly be located in the Stonestown Galleria shopping center in San Francisco and will open on December 29, 2021. The store will have four experience areas where customers can buy and sell products ranging from everyday household items to vintage items.

Customers who sell items can earn up to $100 per day, and buyers will pay on the spot through Venmo or PayPal apps. On-site experts will assess the value of each item, with a maximum limit of $30 per item.

Popular categories accepted for the campaign include apparel, toys and games, kitchenware, sports equipment and home decor. Items that will not be purchased include, but are not limited to, luxury brand items, second-hand beauty products, collectibles and trading cards.

Resale is a fast-growing business. Secondhand clothing, shoes and accessories are now a $36 billion market and are expected to double to $77 billion over the next five years, according to the ninth annual "2021 Resale Report" from online resale platform ThredUp Inc. and retail analytics firm GlobalData.

Resale is expected to grow 11 times faster than first-hand apparel retail over the next five years. In addition, resale sales are expected to be more than twice the size of fast fashion sales by 2030, with two in five resale consumers saying they are replacing fast fashion purchases with second-hand clothing. In 2020, 33 million consumers purchased second-hand clothing for the first time, with 76% of first-time buyers planning to increase their spending on second-hand clothing over the next five years.

As online resale grows, some retailers in the space are branching out into brick-and-mortar spaces, with ThredUp and Madewell teaming up to open a store in Brooklyn that sells only items previously owned by Madewell.

Editor ✎ Xiao Zhu/

Disclaimer: This article is copyrighted and may not be reproduced without permission.