Will Second-Hand Sales Add Value to Nordstrom?
Trends in retail are evolving faster than you can say "Amazon," and it's widening the gap between those who can conform to the new non-conformity and those who have not been able to keep up.
Nordstrom (NYSE: JWN) is one of the retailers that has been trapped by its large-scale adherence to traditional retail, but it's been climbing its way out through innovative sales efforts and bold actions. Last week the company announced that it will open a second-hand sales boutique on site as resale has become an emerging trend. Is this the new way forward?
Whether it's called resale, second-hand, or the polite "pre-owned," the trend is gaining in prominence. The U.S. Chamber of Commerce, which calls the trend "re-commerce," says it's "the fastest-growing category in fashion retail." It defines "resale," the particular type of second-hand sales Nordstrom is engaging in, as the curated subset of the overall trend.
Source Fool.com
