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Secondhand
Used goods mean any item of personal property offered for sale not as new, including metals in any form except coins that are legal tender, but excluding books, magazines, and postage stamps. Risks Furniture, in particular bedding or upholstered items, may have bedbugs, if they have not been examined by an expert. Benefits Recycling goods through the secondhand market reduces use of resources in manufacturing new goods and diminishes waste which must be disposed of, both of which are significant environmental benefits.Another benefit of recycling clothes is for the creation for new pieces of clothing from combings parts of recycled clothes to make a whole new piece. This has been done by multiple fashion designers recently and has been growing in recent years. However, manufacturers who profit from sales of new goods lose corresponding sales. Scientific research shows that buying used goods reduces carbon footprint and emissions significantly compared to the complete product ...
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Global Trade Of Secondhand Clothing
The global trade of secondhand clothing has a long history. Until the mid 19th century, second hand clothing was an important way of acquiring clothing. Only through industrialization, mass production, and increasing income, was the general public able to purchase new, rather than second-hand, clothing. During Europe's colonial days, second-hand garments were exported to the colonies and, locally, charity shops catering for the poor sprang up. Since the 2nd World War, the second-hand clothing trade, globally, has grown considerably. With environmental issues being more prominent and fashion pollution noted, people learn how to be environmental friendly and second-hand/pre-owned stores have become very fashionable and respectable in Europe and the US. Internet connectivity added strongly to the online trade of second-hand garments. Charity organizations and resale retail businesses Charity organizations, like the Salvation Army, Goodwill, and Oxfam, are the largest contribu ...
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The RealReal
The RealReal, Inc. is an online and brick-and-mortar marketplace for staff-authenticated luxury consignment. Based on the circular economy, The RealReal sells consigned clothing, fine jewelry, watches, fine art and home decor. It employs an in-house staff of experts including horologists, gemologists, art curators and luxury fashion authenticators who inspect items for authenticity and value; however, the company has received criticism for selling counterfeit merchandise, including from ''Forbes'', which states often a single copywriter, not an authenticator, provides the only inspection for many items sold by The RealReal. History The RealReal was founded in 2011 by Julie Wainwright, an e-commerce entrepreneur. By July 2018, the company had raised $288 million in venture capital funding. In 2017, The RealReal opened its first permanent retail store in New York City and opened pop-ups in San Francisco and Las Vegas. In 2018, it opened its second location in Los Angeles. In 2019 ...
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Rebag
Rebag is a New York-based online and brick-and-mortar retail platform, founded in 2014, for buying, trading, and selling luxury handbags, accessories, watches, fine jewelry, shoes, and select apparel. Description Rebag was founded, in 2014, by CEO Charles Albert Gorra and former CMO Erwan Delacroix, under the parent company Trendly Incorporated. Rebag is a digital and brick-and-mortar retail platform on which customers can buy and sell luxury designer handbags, accessories, watches, fine jewelry, shoes, and select apparel. "Rebag's inventory includes about 99 luxury brands such as Louis Vuitton, Hermès, Chanel, Prada, Cartier, Tiffany & Co., Rolex, Rick Owens, Maison Margiela, Christian Louboutin, and Gucci. There are two options in which to shop and sell, either online or in-store. Since 2014, the company has raised approximately $52 million in venture capital led by General Catalyst, Novator, and FJ Labs. Locations Headquartered in New York City, Rebag currently operat ...
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Electronic Waste
Electronic waste or e-waste describes discarded electrical or electronic devices. Used electronics which are destined for refurbishment, reuse, resale, salvage recycling through material recovery, or disposal are also considered e-waste. Informal processing of e-waste in developing countries can lead to adverse human health effects and environmental pollution. Electronic scrap components, such as CPUs, contain potentially harmful materials such as lead, cadmium, beryllium, or brominated flame retardants. Recycling and disposal of e-waste may involve significant risk to the health of workers and their communities. Definition E-waste or electronic waste is created when an electronic product is discarded after the end of its useful life. The rapid expansion of technology and the consumption driven society results in the creation of a very large amount of e-waste. In the US, the United States Environmental Protection Agency (EPA) classifies waste into ten categories: # Large ...
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Flea Market
A flea market (or swap meet) is a type of street market that provides space for vendors to sell previously-owned (second-hand) goods. This type of market is often seasonal. However, in recent years there has been the development of 'formal' and 'casual' markets which divides a fixed-style market (formal) with long-term leases and a seasonal-style market with short-term leases. Consistently, there tends to be an emphasis on sustainable consumption whereby items such as used goods, collectibles, antiques and vintage clothing can be purchased. Flea market vending is distinguished from street vending in that the market alone, and not any other public attraction, brings in buyers. There are a variety of vendors: some part-time who consider their work at flea markets a hobby due to their possession of an alternative job; full-time vendors who dedicate all their time to their stalls and collection of merchandise and rely solely on the profits made at the market. Vendors require sk ...
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Kate Rusby
Kate Anna Rusby (born 4 December 1973) is an English English folk music, folk singer-songwriter from Penistone, West Riding of Yorkshire, England. Sometimes called the "Barnsley Nightingale", she has headlined various British folk festivals, and is one of the best known contemporary English folk singers. In 2001 ''The Guardian'' described her as "a superstar of the British acoustic scene."Denselow, Robin"Kate Rusby – Queen Elizabeth Hall, London"The Guardian, ''Guardian.co.uk'', 28 June 2001 (Retrieved: 19 July 2009) In 2007 the BBC website described her as "The first lady of young folkies". She is one of the few folk singers to have been nominated for the Mercury Prize.Wilson, Sue"Lost love and other heartbreaks"The Independent, ''Independent.co.uk'', 18 June 2001 (Retrieved: 19 July 2009)"No sure bets for Mercury"
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Car Boot Sale
Car boot sales or boot fairs are a form of market in which private individuals come together to sell household and garden goods. They are popular in the United Kingdom, where they are often referred to simply as 'car boots'. Some scientific research has studied people's shopping habits at car boot sales. These groups of scientists see the rotation of surplus household stock as essential as it prevents waste and disposal costs, and also produces a small community where thriftiness and entrepreneurship flourish. The term "car boot sale" refers to the selling of items from a car's boot. Although a small proportion of sellers are professional traders selling goods, or indeed browsing for items to buy, most of the goods on sale are used personal possessions. Car boot sales are a way of attracting a large group of people in one place to recycle useful but unwanted domestic items that otherwise might have been thrown away. Car boot sales generally take place in the summer months. Ho ...
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Sustainable Design
Environmentally sustainable design (also called environmentally conscious design, eco-design, etc.) is the philosophy of designing physical objects, the built environment, and services to comply with the principles of ecological sustainability and also aimed at improving the health and comfortability of occupants in a building.McLennan, J. F. (2004), The Philosophy of Sustainable Design Sustainable design seeks to reduce negative impacts on the environment, the health and well-being of building occupants, thereby improving building performance. The basic objectives of sustainability are to reduce the consumption of non-renewable resources, minimize waste, and create healthy, productive environments. Theory The sustainable design intends to "eliminate negative environmental impact through skillful sensitive design". Manifestations of sustainable design require renewable resources and innovation to impact the environment minimally, and connect people with the natural environment. ...
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The Market For Lemons
''The Market for Lemons: Quality Uncertainty and the Market Mechanism'' is a widely-cited 1970 paper by economist George Akerlof which examines how the quality of goods traded in a market can degrade in the presence of information asymmetry between buyers and sellers, leaving only "lemons" behind. In American slang, a lemon is a car that is found to be defective after it has been bought. Suppose buyers cannot distinguish between a high-quality car (a "peach") and a "lemon". Then they are only willing to pay a fixed price for a car that averages the value of a "peach" and "lemon" together (''p''avg). But sellers know whether they hold a peach or a lemon. Given the fixed price at which buyers will buy, sellers will sell only when they hold "lemons" (since ''p''lemon  ''p''avg). Eventually, as enough sellers of "peaches" leave the market, the average willingness-to-pay of buyers will decrease (since the average quality of cars on the market decreased), leading to even more selle ...
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Fashionphile
Fashionphile is an online fashion resale website where consumers can buy and sell women’s luxury designer used handbags, accessories and jewelry. Fashionphile has brick-and-mortar locations in Beverly Hills, San Francisco, New York City and Carlsbad, California. History Fashionphile was founded by Sarah Davis in 1999. She started the business while she was in a law school. In 2006, Davis partnered up with her brother-in-law Ben Hemminger to expand the business and moved it to Beverly Hills, California. They originally sold pre-owned luxury handbags on eBay, and in 2007 launched a website to sell the products. In 2008, they opened their first store space off Rodeo Drive and Wilshire Blvd in Beverly Hills. The company’s growth drove its next move shortly afterwards to open their new store on Maiden Lane in San Francisco in 2009. In 2011, Fashionphile moved to their current Maiden location. In 2012, Fashionphile opened a warehouse headquarters in Carlsbad, California Carlsbad ...
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Secondary Market
The secondary market, also called the aftermarket and follow on public offering, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold. The initial sale of the security by the issuer to a purchaser, who pays proceeds to the issuer, is the primary market. All sales after the initial sale of the security are sales in the secondary market. Whereas the term primary market refers to the market for new issues of securities, and " market is primary if the proceeds of sales go to the issuer of the securities sold," the secondary market in contrast is the market created by the later trading of such securities. With primary issuances of securities or financial instruments (the primary market), often an underwriter purchases these securities directly from issuers, such as corporations issuing shares in an IPO or private placement. Then the underwriter re-sells the securities to other buyers, in what is r ...
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Reseller
A reseller is a company or individual (merchant) that purchases goods or services with the intention of selling them rather than consuming or using them. This is usually done for profit (but can be done at a loss). One example can be found in the industry of telecommunications, where companies buy excess amounts of transmission capacity or call time from other carriers and resell it to smaller carriers. According to the Institute for Partner Education & Development, a reseller's product fulfillment–based business model includes a corporate reseller, retail seller, direct market reseller (DMR), and an internet retailer (eTailer); less than 10 percent of its revenue comes from services. Internet Resellers are known to conduct operations on the Internet through sites on the web. For example, this occurs where individuals or companies act as agents for ICANN accredited registrars. They either sell on commission or for profit and in most cases, but not all, the purchase from the reg ...
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