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Resale's Growth Outpaces Broader Apparel and Footwear Market [Yahoo! Finance]
Last tractor supply company earnings: 4/23 07:18 am
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US:NASDAQ Investor Relations: ir.tractorsupply.com
A new report shows that sector is now outpacing the growth of the overall apparel, accessories and footwear industry. Data from consumer research group Consumer Edge shows year-over-year spending growth in clothing and footwear resale retail accelerated sharply from a summer low of -3 percent to its highest point of the year in October at 5 percent. Analysts saw a wider outperformance of resale growth compared to the broader fashion sector, which they say suggests a more sustained consumer shift. More from Sourcing Journal Byte-Sized AI: Target Unwraps Tech-Powered Gifting; Alibaba Launches Gen AI Seller Tool Best Bag for Your Buck, Per Rebag Tractor Supply's 2030 Strategy Includes 200 More Stores “Pure-play resale companies have been gradually growing share of the overall apparel, accessories and footwear industry as many consumers look for alternatives to traditional retail,” the report said. “This growth does not even take into account the many brands that have started
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