After 12 months of operations, Sandro shared with mind Retail the results of their second-hand business, which launched 100% online. For the fashion brand, this service is now at a "roll-out" stage, with transposition in stores and a launch in several European countries.
At the end of October 2021, Sandro (SMCP group, 2022 turnover of €1.2 billion up 16.1%, net margin at 4.2% of turnover) launched a second-hand offer in partnership with the company Faume. This is only web-based (return, parts processing and resale), via a “Take Back” system. The seller receives a voucher to spend at Sandro. In 2022 – the first full year of this second-hand service – sales grew by double digits. “Even though it’s not yet a huge source of business, it’s profitable in the...
You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?