Dan Berthiaume    Senior Editor, Technology   The resale market is expected to double in the next five years. According to the ninth annual “2021 Resale Report” from online resale platform ThredUp Inc. and retail analytics firm GlobalData, secondhand apparel, shoes, and accessories is now a $36 billion market, projected to double in the next five…

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Source:  Chain Store Age Writer:  Marianne Wilson Dick’s Sporting Goods is running fast these days. The nation’s largest sporting goods retailer has had a busy few months, adding soccer shops to namesake locations, remodeling Golf Galaxy stores and opening clearance stores. But its most talked-about initiative has been the debut of an experiential retail concept…

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SOURCE: Retail Dive  Staff Writer: Daphne Howland  Last year was a challenge like no other for the retail industry. COVID-19 upended people’s existence worldwide, threatening human life and undermining the global economy. Job and wage losses took a toll. Even those able to stay healthy and financially secure have faced disruptions to daily life, upsetting work,…

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The department’s Census Bureau tracks estimates each month. Retail Dive provides the numbers for key segments, and their year-over-year progress, or decline.  [ December sales up 6.7% as shoppers ditch department stores. ] UPDATED: Jan. 19, 2021 REPORTING BY: Daphne Howland, Caroline Jansen DESIGN BY: Nami Sumida  Editor’s Note: Comparisons for individual segments are updated…

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SOURCE:  ChainStore Age By: Marianne Wilson Merchandise returns totaled approximately 10.6% of total U.S. retail sales last year. That’s according to a report released by the National Retail Federation and Appriss Retail, which found that consumers returned an estimated $428 billion in merchandise to retailers in 2020. Roughly 5.9% of the returns were fraudulent, equating…

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