Secondhand Retail at Risk Despite Bargain Hunting
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1 min read
Secondhand Retail at Risk Despite Bargain Hunting

Secondhand retailers have not seen a significant increase in app downloads and usage despite financial pressures and sustainability concerns among European consumers. Sensor Tower data shows that Chinese retailers Shein and Temu are dominating the market due to their value positioning, posing a risk to secondhand retailers unless they differentiate their offerings or strategies to reengage consumers.

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