URBN found that three-quarters of its shoppers have made secondhand purchases in the past year and nearly half have resold items. Other retailers, however, have taken different approaches to resale. Creating a peer-to-peer marketplace heightens the cannibalization risks around the sale of new merchandise. Nuuly Thrift counters that in part by incentivizing sales across its businesses. URBN also expects to benefit from its internal logistics and software platform, already built to support Nuuly Rent, as well as a tighter focus on curation versus other resale sites.
What do you think of the risks of cannibalization? You must be logged in to post a comment. So much money chasing such a niche of a niche market. And exactly where does the profit lie? There is a very solid sales opportunity for Urban Outfitters in the resale part of the market. However peer-to-peer sites do carry risks in that they are reliant on the honesty and integrity of their members.
They also require more effort from sellers who have to manage the listings and fulfillment of orders. On the plus side it reduces complexity for Urban Outfitters and it can create a very strong social dimension to the site. On the negative side, Urban Outfitters has less control over the process but has its brand fully exposed if things go wrong. Recommerce continues to be a shining star segment of retail. The combination of great values and sustainable shopping is appealing to many consumers.
Plus, we found no evidence Urban Outfitters ensures payment of a living wage in its supply chain, or that the brand has any policies or safeguards to protect suppliers and workers in its supply chain from the impacts of COVID While it does not use fur, down, angora, or exotic animal skin, it does use leather, wool, and exotic animal hair from unspecified sources.
There is no evidence it traces any animal products to the first stage of production. This is problematic because the welfare of both the animals and the workers cannot be guaranteed! Urban Outfitters is doing very little to help the environment, its workers, or our animal friends.
Despite the fact that its collections are often designed to appeal to open-minded and progressive young people, Urban Outfitters has a long way to go before it can be considered a sustainable and ethical brand.
As a major retailer worth billions of dollars, it could definitely do so much more to differentiate itself for the better. See the rating. Shop Plant Faced Clothing. It prioritises the planet by using a high proportion of eco-friendly materials, and reuses offcuts to minimise textile waste.
The brand is inclusively sized, and features an extended sizing range up to 6XL! Shop nu-in. YES AND aims to banish the stigma that sustainable fashion has to sacrifice style, quality, fit, color, comfort or price.
With this US-based brand you can actually have it all, and more: it is certified organic, low-impact dyed, and ethically made! You can find most items in sizes XS to XL. Shop Yes And. Style with nothing to hide. Fairtrade and organic ethical fashion for men and women. Find the range in sizes XS-L. Shop Know The Origin. All quotes delayed a minimum of 15 minutes.
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About Urban Outfitters, Inc. Industry Retail Apparel. Executive Leadership Richard A. Key Stats 2. Return on Investment TTM. Return on Equity TTM.
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