The pandemic has been a rare opportunity to nudge more consumers to consider shopping secondhand. Poshmark’s revenues grew by 28% in 2020, while fashion industry sales dropped by more than a third. Stuck at home, many people were intrigued by the possibility of clearing out their closets to make some cash; some shoppers, worried about the unstable economy, are attracted to the deals. “I expect the velocity of sales to go up once we’re able to go out again and need outfits for more occasions,” Chandra says. … [Read more...] about Poshmark’s explosive IPO bodes well for the resale industry, but how sustainable is secondhand?
Book stock market for dummies
how technology might enable rewilding in the U.K. and Europe. Riggall had begun thinking about the historical landscape when he studied environmental archaeology as a university student. “My first introduction to the concept that Europe had a wildwood was through the archaeological record,” he says. Over the years, as he worked in the climate change sector, he noticed a disparity in how that past was discussed—developing countries would be criticized for cutting down forests to farm, but few people talked about the fact that the same thing had happened earlier in Europe at a massive scale, and again when Europeans arrived in America. … [Read more...] about Why we need to “rewild” our environment