Inside Retail

OCTOBER 22, 2023

In a move that underscores the burgeoning potential of the Asian luxury market, Taiwan-based second-hand luxury site PopChill has secured US$1.9 million in its latest investment round as it looks to expand in the region. Already a disruptive force in Taiwan’s e-commerce landscape, PopChill is setting its sights on Hong Kong, armed with a unique business model that promises to redefine how second-hand luxury items are bought and sold online.

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Fashion Retail

OCTOBER 22, 2023

Do you know how much a Rolex was in 2010? This is the second part of the report – RBC Luxury & Premium Brands. 5 reasons to be cautious on luxury. October 2023 – from RBC Capial Markets, with whom I have been collaborating for years, specially the UK Team led by Richard Chamberlain. This post talks about luxury sector insights but also pricing trends, inflation or secondary market demand.

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Inside Retail

OCTOBER 22, 2023

Fashion marketplace Poshmark has announced the closure of its operations in Australia, India and the UK to focus on its North American business. The company said on its website that it plans to increase investment and “drive meaningful growth” in its core markets – the US and Canada. Buyers and sellers for Australia, India and the UK will no longer have access to the marketplace via the app or web starting November 2.

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Inside Retail

OCTOBER 22, 2023

Costco Wholesale Corporation, the world’s third-largest retailer after Walmart and Amazon, has a wacky fiscal year that is out of sync with most retailers: Its FY23 ended 3 September and its annual report was released on 11 October. From close up, things look healthy and there’s no question that Costco is a great retailer with a model that will stand the test of time.

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