While Walmart is introducing new categories of second-hand products to its marketplace, Ikea is testing a version of C2C digital marketplace. While this approach has not been successful for fashion retailers, what does the future hold for furniture?
In the USA, Walmart (2023 sales of US$648.1 billion, up 5.5% at constant exchange rates) announced on August 27 the launch of a ‘Resold at Walmart’ section on its marketplace. While a range of reconditioned electrical goods was already sold there, the second-hand section has now been extended to new categories: luxury fashion (garments, watches, etc.), sporting goods and collectibles. It has 5 million second-hand items from over 1,700 sellers.
At the same time, Ikea, the world’s largest...
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