1. Pooja Sethi, senior vice president and general manager of Resale-as-a-Service at thredUP, joined Insider Intelligence for a Q&A on retail, resale, and everything in between:
Insider Intelligence: How can brands encourage consumers to buy secondhand items?
Pooja Sethi: The consumer is already seeking and purchasing secondhand, and according to thredUP’s 2021 Resale Report, 62% of retail executives have said that their customers are participating in the resale industry. Shoppers will come if brands offer secondhand items as an option.
Consumers care about sustainability, value, and quality, and resale delivers all of those.
2. Following the news that Blackstone has acquired a majority stake in Spanx, we take a look at who’s who in shapewear and how the category is faring:
3. Semiconductor shortages are shrinking the global smartphone market and threatening holiday supplies:
Global smartphone shipments slipped 6% in Q3 2021, per Canalys—and market dynamics are shifting as vendors navigate component shortages and struggle to meet demand.
Given that the effects of the shortage are expected to intensify, scarcity and price increases will likely get worse long before they start improving, per Gadjo Sevilla, senior analyst at Insider Intelligence.
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