H&M-backed online secondhand store Sellpy is expanding from its home market of Sweden into Germany in a bid to cash in on sustainability-conscious shoppers.
In a statement, H&M acknowledged the increased interest and demand in resale and said that it was "pleased to be able to offer a new sustainable way of buying and selling fashion."Swedish online secondhand shop Sellpy, which is majority-owned by fashion giant H&M, has launched in Germany in a first step outside its home market as it bets on shoppers trending towards more sustainable consumption.
Sellpy announced in May that it would double its warehouse capacity in Sweden, to near eight million items annually, due to strong demand. Since Sellpy's foundation in 2014, more than 6 million items have been sold through the platform, it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US banks seek guidance on PPP loan forgiveness - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. fiverr com/s2/1800e25d03
Source: BusinessInsider - 🏆 729. / 51 Read more »
Kanye West's giant message covers entire Gap store, celebrates partnership - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🙄
Source: BusinessInsider - 🏆 729. / 51 Read more »
Target is offering fresh grocery products via in-store and curbside pickup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I’m never going to leave now 😩
Source: BusinessInsider - 🏆 729. / 51 Read more »
I lost six figures during the stock market drop, but I kept investing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »