The Detroit-based “stock market of things” has announced that it surpassed $1 billion in gross merchandise value in 2019 alone, as the platform pushed forward with international expansion, especially in Europe and Asia.
The online marketplace has announced that it is launching zero selling fees for North American customers selling sneakers for over $100 and has also revealed a calendar of new footwear drops to end the year.
Adidas expects a boost to sales from new soccer merchandise ahead of the 2020 European championships after quarterly growth was held back by a weaker performance from Yeezy shoes designed by Kanye West.
According to the latest report from luxury consignment platform TheRealReal, Gucci currently leads the pack when it comes to resale, while streetwear has kept its cool and logomania is conquering new categories.
Gucci may not have grown quite as fast in the latest quarter, according to Kering’s recent results, but it continues to be hugely popular, with the brand making it back to the top spot in the latest Lyst Index for Q2.