Find in the news:
BY COUNTRY

H&M opens online second-hand store in 20 countries at once



Sellpy's online stores focus on eco-friendly fashion and are popular with the younger generation.
H&M - Depositphotos

Sellpy, the online second-hand store owned by Swedish retailer H&M, has announced a significant expansion. The network of online second-hand stores will start operating in 20 European countries.

The popularity of the online marketplace for second-hand goods is because more and more customers, especially among the younger generation, are thinking about the negative consequences of "fast fashion." Fashionistas and fashionistas prefer second-hand clothes of good quality because this approach allows them to care about the environment. The cost of products is usually lower than their newer counterparts of the same brands. 

Sellpy began operations in 2014 in Sweden, and after the expansion, the number of markets in which the online store is represented will reach 24. A unique feature of the startup is that the platform itself takes care of the entire process of selling used clothing, from receiving the goods from sellers to photographing, marketing, and shipping. In 2015, Sellpy was acquired by Swedish retailer H&M, which was already experiencing declining sales and was looking for new sources of revenue. As a result, the company invested about $24 million in Sellpy and owned a 70% stake in the startup. 

According to Sellpy's head of development Gustav Wessman, "Every used item purchased saves resources for our planet. Demand in our new markets is overgrowing." The company also emphasizes in its expansion announcement that the second-hand market is one of the fastest-growing segments of the fashion industry today.

Photo credit: depositphotos.com.

More about shopping malls in Sweden



DAY BEFORE YESTERDAY, North America, North America:
A retailer has filed several new trademark applications, indicating that it intends to produce and sell virtual goods.
Jan 15, 2022, United Kingdom:
Selfridges will be the first-ever entry into the meta-universe, and for the department store's customers, it will be a unique token buying experience.
Jan 15, 2022, Japan:
Fast Retailing CFO: "It's time to review and raise prices on some products as we face higher costs."
Jan 14, 2022, USA:
Employees who have not been vaccinated could be laid off as early as January 15, 2022.
Jan 14, 2022, United Kingdom:
Among the top three streets in the world are London's Oxford Street, Madrid's Gran Via, and New York's Fifth Avenue.
Jan 13, 2022, China:
A total of 12 flagship department stores, 90 stores, and more than 60 catering facilities will be located at the complex.
Friend
and Follow
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us