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?
Seminars on stock market
Why we need to “rewild” our environment
Areas that were once forested and no longer needed for farming could be restored to wilderness. The idea of rewilding is already on some government agendas. In the U.K., where Riggall works, the government recently pledged to restore woodlands on 30,000 hectares of land per year as part of a larger plan to fight climate change. “What I find interesting is that they didn’t really necessarily align to new agricultural practices,” he says. “And those two things are so interlinked, because you can’t have land-use change without figuring out where you’re going to feed people.” … [Read more...] about Why we need to “rewild” our environment
